Pinterest Confirms Massive New $200 Million Series D Funding Round And $2.5 Billion Valuation

Pinterest, the content discovery website that has achieved massive mainstream popularity by letting people clip and share their favorite photos and videos online with virtual "pinboards," is making it very clear that it is much more than just a pretty face -- it's a big business. Pinterest confirmed today that it has secured approximately $200 million in a new funding round led by new investor Valiant Capital Management. Also participating in the round, which serves as Pinterest's Series D, were existing investors Andreessen Horowitz, Bessemer Venture Partners, and FirstMark Capital. The news was first reported this afternoon by AllThingsD's Kara Swisher, who cited anonymous sources. Pinterest subsequently confirmed the funding round and valuation in an email.

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