Pinterest’s Billion-Dollar Boom
In a stunning show of investor confidence, Pinterest has doubled its valuation in the last year and a half, landing a hefty $3.8 billion tag. It pulled off this leap with a fresh $225 million infusion, spearheaded by Fidelity Investments.
Funding Highlights
- Fidelity at the helm of the latest round.
- Funding boosts surpass the previous $200 million raise that valued the platform at $2.5 billion.
- Major backers so far include Firstmark Capital, Valiant Capital, Bessemer Venture Partners Management, and Andreessen Horowitz.
What It Means for Crooks Deciding their Next Snack
Ben Silbermann, Pinterest’s co‑founder and CEO, shared the good news: “We want to be the go‑to tool for anyone dreaming about tomorrow’s dinner, next summer’s getaway, or that forever‑house fantasy.” The new cash will “help us chase that dream with even more vigor.” So, maybe your Pinterest board will finally turn into a real‑life plan—no, it won’t cost you a fortune, but it could be the start of a life.
Quick Snapshot of Pinterest’s Past
Pinterest emerged in the tech scene in 2010, securing its first VC round in May 2011. Though barely three years old, it’s already carved out a niche as the visual scrapbook that powers millions of inspiration searches. Headquartered in San Francisco, the company has recently expanded to offices across the UK, Italy, and France.
