Japanese Retailer Leads $100M Investment In Pinterest

Law360, New York (May 17, 2012, 1:50 PM EDT) -- Social networking website Pinterest Inc., one of Silicon Valley's fastest-growing startups, has received $100 million in funding from venture capital backers led by Japanese retailer Rakuten Inc., both companies said Thursday.

Rakuten, an online retailer that ranks among the top 10 Internet companies in the world, said the funding would allow Pinterest to make improvements to its website and increase its geographic reach.

The funding reportedly values the Palo Alto, Calif.-based content sharing website at $1.5 billion. That's up sharply from last fall, when Pinterest was...
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