Pinterest raises $150m, valuing photo-sharing app at $12.3b

Image sourced from Pinterest website

Photo-sharing application company Pinterest has raised $150 million from existing investors in its latest round of funding, which values the company at $12.3 billion, a company spokeswoman said on Tuesday.

The latest funding round has slightly increased the company’s valuation from $11 billion when Pinterest raised $367 million in March 2015.

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