Pinterest Is Going To Pass The $1 Billion Cap

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Pinterest’s Success Story

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