Pinterest has raised a new funding round of $200 million led by Valiant Capital Management, putting the company’s valuation at $2.5 billion, AllThingsD first reported and Pinterest has now confirmed.
The company allows users to pin photos to virtual pinboards, collecting them in groups called boards around the web. Pinterest has exploded in recent success, especially with women, and has continued to drive increasing amounts of traffic on the web. CEO Ben Silberman spoke at GigaOM’s Roadmap conference in November, explaining that they didn’t set out to target any specific group in building the site.
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