New funding would value Pinterest at $2B-$2.5B
Ben Silberman LinkedIn
Pinterest, led by founder and CEO Ben Silbermann, is reportedly raising new
funds in a round that pegs its value at up to $2.5 billion. 
- Cromwell Schubarth
- Senior Technology Reporter- Silicon Valley Business Journal
- Email | Twitter | Google+
Pinterest is reportedly in talks for new funding that
would peg the value of the online scrapbooking startup at between $2 billion and
$2.5 billion.
The Wall Street Journal quoted unnamed sources in a story that
said the talks are fluid and not final.
The company moved to San
Francisco from Palo Alto after raising $100 million last year in a round that valued it
as $1.5 billion. That round was led by Japanese e-commerce company Rakuten,
which joined existing investors Bessemer Venture Partners, Andreessen Horowitz and FirstMark Capital.
News of the funding comes on the same day the New York Times reported that a
record number of Silicon Valley and San Francisco startups have topped the $1 billion valuation. It said there are now
between 25 and 40 and that number could soon grow to 100.Pinterest is led by founder and CEO Ben Silbermann.
Cromwell Schubarth is the Senior Technology Reporter at the Business Journal. His phone number is 408.299.1823.
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