Remember Pinterest’s massive $200 million during the Series F round last year? They’re coming back for a lot more.
According to a recent filing, Pinterest is looking to raise over half a billion dollars, and it’s already over halfway there. The social media company has already raised $367 million dollars in this latest round and they’re still open to raising another $211 million before they’re done. If Pinterest sell its entire offering, this latest round (which would be Pinterest’s Series G) will come in at $577,916,906.
The company confirmed that its valuation now sits at $11 billion. Meanwhile, a Pinterest representative says that the company will use this latest round to “fuel international expansion” amongst other things. Since launching in 2009, Pinterest has raised $764M dollars; once this round closes (whether or not they raise the full $578M), they’ll have surpassed the billion dollar mark.
Here is the list of Pinterest’s crazy funding timeline so far:
- Jan, 2010 – 500k Angel round
- May, 2011 – $10M Series A
- Oct, 2011 – $27M Series B
- May, 2012 – $100M Series C
- Feb, 2013 – $200M Series D
- Oct, 2013 – $225M Series E
- May, 2014 – $200M Series F