According to a just-released filing, Pinterest is looking to raise over half a billion dollars, is already half way there!
The filing revealed that the company has raised $367 million dollars in this latest round and they’re still open to raising another $211 million before they’re done.
TechCrunch’s Greg Kmparak confirms, “that its valuation now sits at $11 billion. Meanwhile, a Pinterest rep tells me the company will use this latest round to “fuel international expansion” amongst other things.”
Pinterest’s crazy funding timeline so far, according to Crunchbase:
Jan, 2010 – 500k Angel round
May, 2011 – $10M Series A
Oct, 2011 – $27M Series B
May, 2012 – $100M Series C
Feb, 2013 – $200M Series D
Oct, 2013 – $225M Series E
May, 2014 – $200M Series F