Pinterest gets more money. Much more.

They’ve already had plenty of funding, but that doesn’t mean that they won’t shoot even higher. Pinterest is hot and with this money, there may be no stopping them.

According to several sources, Pinterest has completed another enormous funding, this time nabbing $225 million with late-stage investor Fidelity Investments in the lead.

The new infusion of cash — which comes on the heels of a very recent and massive funding in February of $200 million that valued the social scrapbooking company at $2.5 billion — pegs the latest valuation of Pinterest at $3.8 billion.

That’s obviously a whole lot of pins.

Read full article

Comments