Pinterest has confirmed an AllThingsD report that it has raised a $225 million Series E round of funding led by Fidelity Investments, with previous investors including Andreessen Horowitz, FirstMark Capital, Valiant Capital and Bessemer Venture Partners once again shipping in as well. The investment comes at a $3.8 billion valuation, and the total amount of money raised by Pinterest is now around – brace yourself – $538 million. Pinterest recently started to experiment with ads, or promoted pins, as the company calls it – but so far, it isn’t charging brands any money for these experiments.
via Gigaom http://feedproxy.google.com/~r/OmMalik/~3/M6wtXeUa8Fw/
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