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2 months ago
Pinterest raises $150 mln, valuing photo-sharing app at $12.3 bln
June 6, 2017 / 7:48 PM / 2 months ago

Pinterest raises $150 mln, valuing photo-sharing app at $12.3 bln

June 6 (Reuters) - Photo-sharing application company Pinterest has raised $150 million from existing investors in its latest round of funding, which values the company at $12.3 billion, a company spokeswoman said on Tuesday.

The latest funding round has slightly increased the company's valuation from $11 billion when Pinterest raised $367 million in March 2015.

The additional capital will be used for further investments in visual technology and global expansion, the spokeswoman said in a statement over email. (Reporting by Laharee Chatterjee in Bengaluru; Editing by Arun Koyyur)

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