Online scrapbook Pinterest has picked up $225m of financing led by Fidelity Investments just eight months after bagging $200m from a string of venture investors.
The latest funding round values the US-based business at $3.8bn, well up on the already staggering $2.5bn it was said to be worth at the time of the February financing.
Existing venture backers including Andreessen Horowitz, Bessemer Venture Partners and FirstMark Capital all took part in the latest round according to AllThingsD, which cited several unnamed sources.
Pinterest, which allows users to ‘pin’ their favourite web pages, pictures and video from their travels across the internet, received a $100m funding round led by Japanese online retailing giant Rakuten in May 2012.
Rakuten did not join the latest financing, AllThingsD added.
It said the company planned to expand into up to 12 more countries by the end of the year, having already focused on France, the UK, Japan and Italy.
Copyright © 2013 AltAssets