Business IT & Web-tech News Start-ups outside India

Pinterest raises $367 Million, targets $500 Million in current round

pinterest-new
Share on Facebook
Tweet about this on TwitterShare on Google+Share on StumbleUponShare on LinkedInPin on PinterestShare on Reddit

Pinterest’s crazy fund raising spree isn’t ending, at least fr some more time. According to its recent government filing (via TechCrunch) the visual discovery platform is looking to raise a $500 Million Series G round, of which it has already amassed a staggering $367 Million.

As per the filing, Pinterest has a total of $577,916,906 Million to offer for its current (and probably last) round, out of which it has already sold $367,099,927 Million to its current Series G investors. Pinterest further confirmed, that it is indeed valued at a whopping $11 Billion, post this round.

The San Francisco head-quartered company further said, that it looking to raise this round to fuel international expansion.

Pinterest has raised an astounding $762.5 Million seven funding rounds till date, and its current round, though still incomplete, has taken its total raised capital to over $1 Billion already.

Pinterest last round, was a $200 Million Series F, which it raised in May last year.


 

Editor-at-large and co-founder at The Tech Portal. He is a tech enthusiast with interests in new-age technology fields like Ai, Machine Learning, AR/VR, Outer Space and related stuff. Drop him a mail anytime, very reachable.


Add Comment

Click here to post a comment

Your email address will not be published. Required fields are marked *