Pinterest's IPO
NYSE • PINS
$1.5B
Total VC raised
$19
Price per share
$1.4B
To be raised from IPO
75M
Shares for sale
2008
Founding year
interactive datagraphic
Key Facts
Headquarters | Users | History
Revenue
Total revenue | Net losses | YoY%
Aug 2009
Dec 2010
Sept 2011
Oct 2011
July 2012
Feb 2013
Oct 2013
May 2014
May 2015
June 2017
$2.2M
Aug 2009
The company raised $525,000 of Series 1 seed funding from New York Angels, Rick Heitzmann and Adrian Aoun in August 2009. Biz Stone, Elad Gil, Marc Andreessen, Christopher Dixon, David Brown and Greg Yaitanes also participated in the round.
Valuation
Valuation
$2.2M
$6M
The company raised $700,000 of Series 2 seed funding from Acequia Capital, Scott Belsky and Dave Morin on December 2010. Othman Laraki also participated in the round.
Dec 2010
$52M
The company raised $10 million of Series A2 venture funding from Bessemer Venture Partners, Jack Abraham (Milo), Michael Birch (Bebo), Scott Belsky (Behance), Shana Fisher (Highline Venture Partners), Ron Conway (SV Angel), Kevin Hartz (EventBrite) and Jeremy Stoppelman (Yelp) in September 2011.
Valuation
Sept 2011
Oct 2011
$266M
The company raised a $27.1 million Series B in a deal led by Andreessen Horowitz in October 2011. Jack Abraham, Jeremy Stoppelman, Ronald Conway, Kevin Hartz, Michael Birch and Jeff Jordan also participated in the round.
Valuation
Valuation
July 2012
$1.7B
The company raised a $100 million Series C in a deal led by Rakuten in July 2012. Stockwell Capital, Slow Ventures, Acequia Capital, MicroVentures, Bessemer Venture Partners, Andreessen Horowitz and FirstMark Capital also participated in the round.
$266M
$2.6B
The company raised a $200 million Series D in a deal led by Valiant Capital Partners in February 2013. Bessemer Venture Partners, Andreessen Horowitz, FirstMark Capital, Industry Ventures and Hercules Capital also participated in the round.
Valuation
Valuation
Valuation
Valuation
Valuation
Feb 2013
Oct 2013
May 2014
May 2015
June 2017
$4B
The company raised a $225 million Series E in a deal led by Fidelity Investments in October 2013. Bessemer Venture Partners, Andreessen Horowitz, FirstMark Capital, Miroma Ventures, Slow Ventures, Virgin.com, Kevin Colleran, Max Levchin, Hank Vigil, William Lohse, Fritz Lanman, Valiant Capital Partners, Betaworks and Columbia Partners Private Capital also participated in the round. As of March 31, 2016, the company was valued at $37.79 per share by Fidelity, representing a 160% markup from the Series E investment.
$4.9B
The company raised a $200 million Series F led by SV Angel in May 2014. Bessemer Venture Partners, Fidelity Investments, Andreessen Horowitz, FirstMark Capital, Suleman Ali, A.Capital Ventures, Valiant Capital Partners and Pokora Capital also participated.
$11B
The company raised a $533 million Series G in a deal led by Rakuten in May 2015. A number of investors participated in the round including Bessemer Venture Partners, Andreessen Horowitz, FirstMark Capital and SV Angel. As of February 29, 2016, the company was valued at $32.31 per share by The Hartford, representing a 10% markdown from the Series G investment.
$12.3B
The company raised a $150 million Series H from Crescent Enterprises, StraightPath Venture Partners and All Blue Capital in June 2017. University Growth Fund, Armat Group, GC1 Ventures, SWaN & Legend Venture Partners, Kleiner Perkins, SharesPost, Coffin Capital & Ventures, Sinai Ventures, Blisce and Emerson Collective also participated in the round.
Valuation Timeline
Round amount | Valuation | Deal synopsis
Paul Sciarra
9.3%
Valiant Capital Management
6%
Andreessen Horowitz
9.6%
Principal Shareholders
Board of Directors
Name | Title (click on each member)
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User Metrics
250M+
Active monthly users
as of year-end 2018
$3.14
Average revenue
per user as of
year-end 2018
^25%
Global ARPU
increase from
2017 YoY
Benjamin Silbermann
Co-founder, President & CEO
11.4%
Evan Sharp
2.1%
Co-founder and Chief Design & Creative Officer
Jeffrey Jordan
Independent director | Andreessen Horowitz
Leslie Kilgore
Independent director
Jeremy Levine
Independent director | Bessemer Venture Partners
Michelle Wilson
Independent director
Fredric Reynolds
Independent director
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San Francisco
Headquarters
2B+
Monthly searches
$10.1B
Initial market cap
175B+
Pins saved
Key Facts
$755.9M
2018 total revenue
Revenue
$62.9M
2018 net losses
down 51.6%
2018 net losses YoY%
up 59.9%
2018 total revenue YoY%
Bookrunning Managers
Goldman Sachs
J.P. Morgan
Allen & Company
Bessemer Venture Partners
13.1%
FirstMark
9.8%
Fidelity
7.1%
Goldman Sachs
Ownership stake pre-IPO
Ownership stake pre-IPO