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  • 10.24.13

Pinterest Gets A Quarter Of A Billion In Funding, Now Valued At $3.8 Billion

The latest cash injection comes just nine months after the social website got $200 million, and should help with overseas expansion.

Pinterest Gets A Quarter Of A Billion In Funding, Now Valued At $3.8 Billion
[Image: Flickr user Wonderlane]

Pinterest has just snagged $225 million in funds from its backers, meaning the site is now valued at $3.8 billion. The site’s attention to detail (including breathtakingly beautiful offices) and attention to its pinners’ habits show Pinterest knows what it’s doing.

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As well as rolling out promoted pins, the firm has just started hiring managers for its overseas territories: France and England now have their own offices, and there are said to be up to a dozen new countries waiting to be conquered by the end of the year. Telco giant Telefonica is installing a Pinterest widget on some of its Android phones in Latin America and Europe.

The firm’s CEO and cofounder Ben Silbermann made this statement: “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.”

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My writing career has taken me all round the houses over the past decade and a half--from grumpy teens and hungover rock bands in the U.K., where I was born, via celebrity interviews, health, tech and fashion in Madrid and Paris, before returning to London, where I now live. For the past five years I've been writing about technology and innovation for U.S.

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