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Hot online pinboard site Pinterest has closed a $27 million round of funding led by Andreessen Horowitz, we’ve confirmed. As part of the financing, general partner Jeff Jordan will be joining Pinterest’s Board of Directors.
Digital pinboard site Pinterest is closing a round led by Andreessen Horowitz after a frenzy of interest. Andreessen Horowitz's Jeff Jordan tells us the check was cut for $27 million, and that the round came together over two to three weeks.
If you’ve attended any mass gathering of investors in Silicon Valley lately, you’ve probably heard some buzz about invite-only visual bookmarking site Pinterest raising a “massive” round. Business Insider initially reported the round as having $75+ million valuation last week and then amended its report to reflect that the valuation was actually lower according to another one of their sources.
1. Index This compares audience composition of the site to the entire Internet population.