Pinterest, an online pinboard website, has raised $27 million of funding, mainly from Andreessen Horowitz. According to sources, Andreessen Horowitz was leading a round of $25 million for Pinterest. The funding has raised the value of the startup to $200 million, although the company refused to comment on its valuation.
The funding has come after a $10 million funding a few months back, which was led by Bessemer.
As of now, the website is invite-only. Because of its simplicity and popularity, it has attracted the attention of the Silicon Valley. The site is also getting a lot of traffic from outside the tech bubble, which speaks of its popularity.
‘Pinning’ stuff you like online not only shares your taste, but also speaks about your personality. The pinning board called Pinterest has categories where you can paste and share images with friends and family.
Pinterest has been getting excellent review across the media, which is one of the reasons of its growing popularity and its getting the attention of VCs.
Ben Silbermann, co-founder, Pinterest, says that the company will now connect people all around the world through common interest. He says that mostly people use online pinboards to show off stuff in offline world.
Pinterest is an online catalog service where a user can post anything they love or care for. It is a collector’s delight. Because of its colorful exterior with lots of photographs on the site, it has been seeing huge traffic. The company was launched in October, 2011.