{"id":57753,"date":"2014-05-16T09:27:06","date_gmt":"2014-05-16T07:27:06","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=57753"},"modified":"2014-05-16T09:27:06","modified_gmt":"2014-05-16T07:27:06","slug":"pinterest-raises-valuation","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/internet\/57753\/pinterest-raises-valuation\/","title":{"rendered":"Pinterest raises valuation"},"content":{"rendered":"<p>Pinterest has raised a new $200 million round of funding that gives it a valuation of $5 billion, the photo pin-up site said on Thursday.<\/p>\n<p>Pinterest, which allows users to create online bulletin boards based on various themes such as travel, decorating, or sports, said in a statement it would use the capital to invest in technology, develop its advertising program further, and expand internationally.<\/p>\n<p>Pinterest said it raised money from existing investors SV Angel, Bessemer Venture Partners, Fidelity, Andreessen Horowitz, FirstMark Capital, and Valiant Capital Partners.<\/p>\n<p>The company last raised money in October 2013 at a $3.8 billion valuation in a round led by Fidelity Investments.<\/p>\n<p>News of the funding round was first reported by ReadWrite.<\/p>\n<p>Pinterest said it has raised a total of $764 million so far from the time of inception.<\/p>\n<h3 class=\"my-4\">More on Social media<\/h3>\n<p><a title=\"How much is Pinterest worth?\" href=\"http:\/\/businesstech.co.za\/news\/internet\/32058\/how-much-is-pinterest-worth\/\"><strong>How much is Pinterest worth?<\/strong><\/a><\/p>\n<p><strong><a title=\"Tech companies still fail at social media\" href=\"http:\/\/businesstech.co.za\/news\/internet\/29597\/tech-companies-still-fail-at-social-media\/\">Tech companies still fail at social media<\/a><\/strong><\/p>\n<p><a title=\"Facebook unveils new search tool\" href=\"http:\/\/businesstech.co.za\/news\/internet\/29916\/facebook-unveils-new-search-tool\/\"><strong>Facebook unveils new search tool<\/strong><\/a><\/p>\n<p><strong><a title=\"Permalink to Facebook and Internet addiction\" href=\"http:\/\/businesstech.co.za\/news\/internet\/25271\/facebook-and-internet-addiction\/\" rel=\"bookmark\">Facebook and Internet addiction<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pinterest has raised a new $200 million round of funding that gives it a valuation of $5 billion, the photo pin-up site said on Thursday.<\/p>\n","protected":false},"author":7,"featured_media":12749,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9882],"tags":[25,2358,5219],"class_list":["post-57753","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-internet","tag-active","tag-pinterest","tag-valuation"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/57753","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=57753"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/57753\/revisions"}],"predecessor-version":[{"id":57755,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/57753\/revisions\/57755"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/12749"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=57753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=57753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=57753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}