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Pinterest Lands Another $225M In Funding, Now Valued At $3.8 Billion
As AllThingsD has confirmed, Pinterest has scored another huge round of funding today — $225 million to be exact. It values the company at $3.8 billion.
Pinterest has recently started rolling out a preview of its monetization plans — or at least part of those plans — with the debut of Promoted Pins on both Pinterest.com and its mobile apps. The company also recently announced the commerce-friendly price drop alerts feature that notifies users when pinned items see a price decline.
Pinterest CEO Ben Silbermann gave this statement on today’s funding to AllThingsD:
We hope to be a service that everyone uses to inspire their future, whether that’s dinner tomorrow night, a vacation next summer, or a dream house someday. This new investment enables us to pursue that goal even more aggressively.
Pinterest’s most recent funding was a $200 million round back in February that valued the company at $2.5 billion.