Investment

Social network site Pinterest has received a US$100m investment in a round led by Japan’s biggest e-commerce site Rakuten. According to the Wall Street Journal, the funding values Pinterest at US$1.5bn. The round includes follow-on investment from existing investors Andreessen Horowitz, Bessemer Venture Partners, and FirstMark Capital, as well as a number of angel investors. Now the 16th most visited site in the US, Pinterest functions like an online mood board, allowing users to ‘pin’ photos and images, and follow others’ collections. In a statement Rakuten said the funding will allow Pinterest to continue improving its service and expanding its community globally. “While some may see e-commerce as a straightforward vending…