Techcruch has reported that the Social Media Website Pinterest got $30 Million as secondary sale investment from the VC firm SVAngel which is a San Francisco based Angel Firm.
TechCrunch reports that most of the $30 million will go towards liquidity of early outside investors, and amounts to roughly 2% of the startup at current valuation.
Pinterest is a pinboard-styled social photo sharing website. Pinterest allows users to create and manage theme-based image collections(i-e as Boards and Pins).
And, Pinterest is growing fast, and it is doing acquiring similar sites. Recently it had acquired the Recipe Discovery Site Punchfork.
Lot of famous people also actively using Pintereset. We can find Michelle Obama’s pin boards here.
