May 17, 2012

Exclusive: Japan’s Rakuten Wins the Heart of Pinterest in $120M Funding Race With $1.5B Valuation
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Written by : Tom George| 0 | Business, Technology

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

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Tom George

Founder and CEO of Internet Billboards. A futurist and serial entrepreneur, as well as a professional fitness trainer, martial artist, and business strategist. Helped to develop inbound advertising. An avid content curator who enjoys finding those digital gems out there in cyberspace and sharing them with others.
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Tom George

Founder and CEO of Internet Billboards. A futurist and serial entrepreneur, as well as a professional fitness trainer, martial artist, and business strategist. Helped to develop inbound advertising. An avid content curator who enjoys finding those digital gems out there in cyberspace and sharing them with others.

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