Pinterest, a US-based social networking and content collecting website, which is already backed by investors including Japan-based e-commerce company Rakuten, has raised $225m in a series D round of finance led by new investor, US mutual fund Fidelity Investments. The round included the participation of existing investors Bessemer Venture Partners, FirstMark Capital, Andreessen Horowitz and Valiant Capital Management.
Pinterest has now raised a total of $565m
Pinterest plans to use the funding to build out its service, with a focus on mobile, as well as drive international expansion.
Ben Silbermann, Pinterest chief executive officer, said: “We hope to be a service that everyone uses to inspire their future. This new investment enables us to pursue that goal even more aggressively.”