Pinterest now at a whopping 3.8 billion $

"We hope to be a service that everyone uses to inspire their future, whether that's dinner tomorrow night, a vacation next summer, or a dream house someday," CEO Ben Silbermann said in a statement. "This new investment enables us to pursue that goal even more aggressively."

The funds will be used for international expansion, mobile, acquisitions, growing its IT infrastructure and monetization – something the startup desperately needs to support its valuation.

While this injection of capital may seem high, the funding is in line with other social networks. Private (and struggling) social network Path has raised $41.2 million, location-based Foursquare has locked in $112 million, Facebook raised $2.33 before its IPO and Twitter is no small fry, raising $1.16 billion before it goes public.

link :entrepreneur