(MENAFN) The online bulletin-board style social network Pinterest revealed it had raised USD367 million in new capital, pushing its valuation to a reported USD11 billion, The Peninsula Qatar reported.
The new investment was disclosed in a regulatory filing, with the investors on the deal listed as the venture capital firms Andreessen Horowitz and Bessemer Venture Partners.
Pinterest has become one of the Internet's hottest new websites, by giving people virtual bulletin boards that they can decorate with pictures showcasing interests in anything from food to sports.
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