"Pinterest raised $367m in its latest fundraising round the company announced on Monday (16 March). The internet scrapbook company is now valued at $11bn as a result with the company refusing to name its newest backers. Among previous investors of Pinterest is Japanese e-commerce giant Rakuten with past funding rounds pulling in a combined $764m."
"The Wall Street Journal states that only five private-venture start-ups have a higher value: SpaceX, Snapchat, Palantir, Uber and Xiaomi with Indian online retail firm Flipkart drawing even with Pinterest's $11bn."
"Since it was founded in March 2010, the pinboard site has raised over $1bn in funding. This comes as the Pinterest drives its monetisation efforts through the implementation of more diverse advertising options, earlier this month announcing that it will be trialling animated Pins on behalf of brands looking to attract the attention of users."
Pinterest raised $367m in a recent funding round, producing an $11bn valuation while declining to name new backers. Previous investors include Japanese e-commerce giant Rakuten, and past funding rounds have totaled about $764m. Only five private venture-backed companies—SpaceX, Snapchat, Palantir, Uber and Xiaomi—have higher valuations, with Flipkart matching the $11bn valuation. Since its March 2010 founding, the pinboard site has raised over $1bn in total funding. Pinterest is expanding monetisation through more diverse advertising options and is trialling animated Pins for brands to attract users.
Read at The Drum
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