SAN FRANCISCO: Pinterest has won a US$225mil (RM709.65mil) round of equity funding that values the virtual scrapbooking website at US$3.8bil (RM11.98bil), the company announced on Wednesday.
The deal, led by Fidelity Investments, makes Pinterest one of the most valuable privately held consumer internet companies just 2-1/2 years after it secured its first round of venture capital financing in May 2011.
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