Rakuten, the largest e-commerce site in Japan, is expected to be the lead investor in the much-contested next round of funding for Silicon Valley’s hottest start-up, Pinterest.
The funding is expected to be announced tomorrow morning.
The Tokyo-based Internet giant will invest upwards of $50 million in a $120 million round that values the social bookmarking phenom at $1.5 billion.
There are other investors in the new round, but those were still to be determined tonight by Pinterest co-founder and CEO Ben Silbermann
See on allthingsd.com
Latest posts by Tom George (see all)
- New Digital Trends In Today’s Smartphone-Obsessed World - September 6, 2016
- 5 Things a Recruiter Looks for in a Resume - August 30, 2016
- Obtaining Legal Immunity for Pet Cohabitation - August 30, 2016