Pinterest Seeking Valuation of $11bn

Pinterest, the online scrapbooking site, is reportedly in talks to raise $500m in coming weeks.  This round of funding is expected to value Pinterest at ~$11bn, more than twice the $5bn valuation the company was assigned when it last raised funds last May.  Prior to this round Pinterest had raised a total of $764m from investors including Bessemer Venture Partners, Andreessen Horowitz, Valiant Capital Partners and Rakuten  Inc.  It is unclear whether any new investors will join the latest round.

Pinterest is a member of the Triton Research IPO Watchlist, a continuously updating database of companies we expect to either IPO or be acquired.  The current IPO Watchlist is comprised of 108 companies organized by investment theme.