Pin This: Pinterest just scored $150 million in funding
Investors are—yes—pinning their hopes on Pinterest’s continued success.
The scrapbook-like platform just raised $150 million from a group of existing backers at the same share price as its last funding round in 2015.
The cash infusion boosted the company’s worth from around $11 billion to $12.3 billion.
SEE ALSO: More autoplay ads are coming to Pinterest
The move confirms speculation that the company plans to delay an inevitable IPO as it continues to build out its ads business.
Despite an aspirational ethos that easily lends itself to all sorts of marketing, Pinterest has mostly lagged when it comes to monetization. It only just started selling