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FEB 05, 2013 - Betabeat

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Pinterest in Talks to Raise New Round at $2.5 Billion Valuation

Take that, Quentin Hardy: A day The New York Times reporter declared that a billion dollar valuation ain't what it used to be, word leaked this afternoon that Pinterest is working on a new funding round that will value the firm at $2 to $2.5 billion. According to The Wall Street Journal, the Pinterest deal hasn't been finalized, and the Journal doesn't name potential investors. No billion-dollar club newbie, the San Francisco company raised $100 million at a $1.5 billion last May, in a round led by Japanese ecommerce site Rakuten and joined by Bessemer Venture Partners, Andreessen Horowitz ... Read More

Tags: Pinterest in Talks to Raise New Round at $2.5 Billion Valuation,  Andreessen Horowitz Latest News