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href="https://web.archive.org/web/20170606191145/http://www.bloomberg.com/diversity-inclusion/?utm_source=bloomberg-menu&utm_medium=bcom">Diversity and Inclusion</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://web.archive.org/web/20170606191145/http://www.bloomberg.com/bcause/?utm_source=bloomberg-menu&utm_medium=bcom">Sustainability</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://web.archive.org/web/20170606191145/http://www.techatbloomberg.com/?utm_source=bloomberg-menu&utm_medium=bcom">Tech</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://web.archive.org/web/20170606191145/http://www.bloomberg.com/company/bloomberg-facts/?utm_source=bloomberg-menu&utm_medium=bcom">Facts and Spaces</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://web.archive.org/web/20170606191145/http://www.bloomberg.com/philanthropy/?utm_source=bloomberg-menu&utm_medium=bcom">Philanthropy and Engagement</a></li></ul></section> <section class="bb-that-category"> <h2 class="bb-that-category__title">Communications</h2> <ul class="bb-that-category__content"><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://web.archive.org/web/20170606191145/http://www.bloomberg.com/company/announcements/?utm_source=bloomberg-menu&utm_medium=bcom">Press Announcements</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://web.archive.org/web/20170606191145/http://www.bloomberg.com/company/press-contacts/?utm_source=bloomberg-menu&utm_medium=bcom">Press Contacts</a></li></ul></section> <section class="bb-that-category"> <h2 class="bb-that-category__title">Follow</h2> <ul class="bb-that-category__content"><li class="bb-that-category__item"><a href="https://web.archive.org/web/20170606191145/http://www.facebook.com/Bloomberglp" class="bb-that-category__social-link bb-that--icon-facebook" target="_blank">Facebook</a></li><li class="bb-that-category__item"><a href="https://web.archive.org/web/20170606191145/https://twitter.com/bloomberg" class="bb-that-category__social-link bb-that--icon-twitter" target="_blank">Twitter</a></li><li class="bb-that-category__item"><a href="https://web.archive.org/web/20170606191145/https://www.linkedin.com/company/2494" class="bb-that-category__social-link bb-that--icon-linkedin" target="_blank">LinkedIn</a></li><li class="bb-that-category__item"><a href="https://web.archive.org/web/20170606191145/https://www.instagram.com/bloomberg/" class="bb-that-category__social-link bb-that--icon-instagram" target="_blank">Instagram</a></li></ul></section> </li> <li class="bb-that__col bb-that__col--sm"> <section class="bb-that-category"> <h2 class="bb-that-category__title">Products</h2> <ul class="bb-that-category__content"><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://web.archive.org/web/20170606191145/http://www.bloomberg.com/professional/solution/bloomberg-terminal/?utm_source=bloomberg-menu&utm_medium=bcom&bbgsum=DG-WS-PROF-SOLU-TERMINAL-bbgmenu">Bloomberg Terminal</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://web.archive.org/web/20170606191145/https://www.bloomberg.com/professional/solution/execution-order-management/?utm_source=bloomberg-menu&utm_medium=bcom&bbgsum=DG-WS-PROF-SOLU-EXORDMGMT-bbgmenu">Execution and<br/> Order Management</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://web.archive.org/web/20170606191145/https://www.bloomberg.com/professional/solution/data-and-content/?utm_source=bloomberg-menu&utm_medium=bcom&bbgsum=DG-WS-PROF-SOLU-DATACONT-bbgmenu">Data and Content</a></li><li class="bb-that-category__item"><a 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<ul class="bb-that-category__content"><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://web.archive.org/web/20170606191145/http://about.bgov.com/?utm_source=bloomberg-menu&utm_medium=bcom">Bloomberg Government</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://web.archive.org/web/20170606191145/http://www.bna.com/?utm_source=bloomberg-menu&utm_medium=bcom">Bloomberg Law/BNA</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://web.archive.org/web/20170606191145/https://bol.bna.com/?utm_source=bloomberg-menu&utm_medium=bcom">Bloomberg Big Law</a></li><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://web.archive.org/web/20170606191145/http://about.bnef.com/?utm_source=bloomberg-menu&utm_medium=bcom">Bloomberg New Energy Finance</a></li></ul></section> </li> <li class="bb-that__col bb-that__col--sm"> <section class="bb-that-category"> <h2 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class="bb-that-category__item"><a class="bb-that-category__link" href="https://web.archive.org/web/20170606191145/http://www.bloombergmedia.com/?utm_source=bloomberg-menu&utm_medium=bcom">Advertising</a></li></ul></section> </li> <li class="bb-that__col bb-that__col--sm"> <section class="bb-that-category"> <h2 class="bb-that-category__title">Bloomberg</h2> <div class="bb-that-category__content"><p class="bb-that-category__text">Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.</p></div></section> <section class="bb-that-category"> <h2 class="bb-that-category__title">For Customers</h2> <div class="bb-that-category__content"><li class="bb-that-category__item"><a class="bb-that-category__link" href="https://web.archive.org/web/20170606191145/https://bba.bloomberg.net/?utm_source=bloomberg-menu&utm_medium=bcom">Bloomberg Anywhere Remote 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<div class="lede-large-image lede"> <div class="bg-crop bg-crop-1200x-1"> <div class="lede-large-image__image" style="background-image: url('https://web.archive.org/web/20170606191145im_/https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iJZ469KvcJIc/v1/1200x-1.jpg')"></div> </div> <div class="bg-crop bg-crop-2000x-1"> <div class="lede-large-image__image" style="background-image: url('https://web.archive.org/web/20170606191145im_/https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iJZ469KvcJIc/v1/-1x-1.jpg')"></div> </div> <div class="bg-crop bg-crop--1x-1"> <div class="lede-large-image__image" style="background-image: url('https://web.archive.org/web/20170606191145im_/https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iJZ469KvcJIc/v1/-1x-1.jpg')"></div> </div> <div class="lede-large-image__credit">Photographer: Andrew Harrer</div> </div> <div class="content-well"> <section class="main-column"> <div class="main-column__content"> <div class="lede-large-content lede"> <div class="lede-large-content__wrapper"> <h1 class="lede-large-content__hed"><span class="lede-large-content__highlight">Pinterest Raises $150 Million at 2015 Share Price</span></h1> <div class="lede-large-content__dek"><p>Company valuation rises to $12 billion due to increase in total number of shares.</p> </div> <address class="lede-large-content__byline">by <div class="author">Ellen Huet <div class="author__modal"> <a class="author__modal-social" data-feed="twitter" href="https://web.archive.org/web/20170606191145/https://www.twitter.com/ellenhuet" target="_blank">@ellenhuet</a> <a class="author__modal-bio" href="https://web.archive.org/web/20170606191145/https://www.bloomberg.com/authors/ASmGayS_jTQ/ellen-huet" rel="author">More stories by Ellen Huet</a> </div> </div> and <div class="author">Sarah Frier <div class="author__modal"> <a class="author__modal-social" data-feed="twitter" href="https://web.archive.org/web/20170606191145/https://www.twitter.com/sarahfrier" target="_blank">@sarahfrier</a> <a class="author__modal-bio" href="https://web.archive.org/web/20170606191145/https://www.bloomberg.com/authors/AP-41JG4_zk/sarah-frier" rel="author">More stories by Sarah Frier</a> </div> </div></address> <div class="lede-large-content__times"> <time class="article-timestamp" itemprop="datePublished" datetime="2017-06-06T18:28:29.254Z" data-type="updated"> <script class="article-timestamp__format" type="application/json"> {"year":"numeric","month":"long","day":"numeric","hour":"numeric","minute":"numeric","timeZoneName":"short"} </script> <noscript>June 6, 2017, 2:28 PM EDT</noscript> </time> </div> </div> </div> <div class="body-copy"> <p><a href="https://web.archive.org/web/20170606191145/https://www.bloomberg.com/quote/0276900Z:US" target="_blank">Pinterest Inc.</a> raised $150 million in venture funding from a group of existing investors at the same share price as two years ago, the company said Tuesday.</p><p>The last fundraising round was in April 2015, valuing the business at about $11 billion. Because the number of shares in the company has grown over time, the company's new valuation is $12.3 billion, Pinterest said. The company filed securities documents associated with the financing, which were analyzed by private stock market firm Equidate and shared with Bloomberg.</p> <aside class="inline-newsletter" data-state="ready"> <input id="active-newsletter-id" type="hidden" value="bbiz"> <input id="active-newsletter-group" type="hidden" value="default"> <input id="user-subscription-email" type="hidden" value=""> <div class="inline-newsletter__main"> <div class="inline-newsletter__content"> <div class="inline-newsletter__main-tout"> The most important business stories of the day. </div> <div class="inline-newsletter__sub-tout"> Get Bloomberg's daily newsletter. </div> <div class="inline-newsletter__subscribe"> <form action="" class="inline-newsletter__form" method="post" data-newsletter="Business Daily"> <input type="hidden" name="vars[source]" value="article_inline"> <input class="inline-newsletter__input" placeholder="Enter your email" type="text"> <button class="inline-newsletter__button" type="submit"> Sign Up </button> </form> <div class="inline-newsletter__message"> </div> </div> </div> </div> <div class="inline-newsletter__arrow"> </div> <div class="slideout-placeholder"> </div> </aside><p>By raising money, Pinterest is choosing to delay a potential initial public offering as its business model matures. The company makes money by selling ads that look like posts on its site. Each month, 175 million people use Pinterest to collect and post images related to fashion, travel, cooking and other interests. The company is targeting revenue of more than $500 million this year, people familiar with the matter have said.</p> <div id="box-BiYWyxA" class="page-ad" data-position="mobile-box"> <script class="params" type="application/json">{"contentId":"OR51ZH6JTSE901","position":"box","dimensions":{"mobile":[[300,250],[1,1]]},"type":"Mobile Body Box Ad","positionIncrement":1,"targeting":{"position":"box1","positionIncrement":1,"url":"/news/articles/2017-06-06/pinterest-raises-150-million-at-2015-share-price"},"containerId":"box-BiYWyxA"}</script> <div class="mobile-box-ad-dummy"></div> </div> <p>Pinterest said it will use the funds to improve its computer vision and visual search technologies like its Lens camera search, which lets users take pictures on their phone and search for similar items or images on Pinterest. The company will also use the new capital to improve its offering for international users.</p><p><span class="news-designed-for-consumer-media"><strong>For more on Pinterest, check out the <em>Decrypted</em>  podcast:</strong></span></p> <div class="thirdparty-embed"> <div class="thirdparty-embed__container"> <iframe src="https://web.archive.org/web/20170606191145if_/https://w.soundcloud.com/player/?visual=true&url=http%3A%2F%2Fapi.soundcloud.com%2Ftracks%2F318706270&show_artwork=true&in=bloomberg-business%2Fsets%2Fdecrypted" style="border: 0; 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