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See more | Photo caption Inside Greece An insider's look at the people and places that define Greece. Slideshow Transgendered Indian Seema is transgender, one of hundreds of thousands in India who are ostracised, often abused and forced into prostitution. Slideshow Pinterest funding could value startup at $1.5 billion Tweet Share this Email Print Factbox Factbox: Facebook's IPO: who gets rich? Wed, May 16 2012 Related News U.S. start-up Pinterest raises $100 mln in funding-WSJ 1:41am EDT Facebook IPO has halo effect for venture capitalists Mon, May 14 2012 Special Report: Vegas casinos gamble on online partners with a past Mon, May 14 2012 Dubai, Samsung Life Insurance plan alliance - FT Sun, May 13 2012 Analysis & Opinion Counterparties: Are you sick of Facebook yet? Facebook: The smart money exits Related Topics Tech » Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Inflows Outflows » Media » Japan » A screen grab of Pinterest.com's home page. Social networking site Pinterest has raised $100 million from a group of investors led by Japanese online retailing giant Rakuten Inc in a deal that reportedly values the three-year-old U.S. company at $1.5 billion. Credit: Reuters/www.pinterest.com/handout Thu May 17, 2012 8:36am EDT (Reuters) - Social networking site Pinterest has raised $100 million from a group of investors led by Japanese online retailing giant Rakuten Inc in a deal that reportedly values the three-year-old U.S. company at $1.5 billion. Rakuten said it was joined in the capital-raising by existing shareholders Andreessen Horowitz, Bessemer Venture Partners, FirstMark Capital and a number of angel investors. The new round of financing values Pinterest — one of Silicon Valley's fastest growing startups — at $1.5 billion, up sharply from $200 million late last year, Wall Street Journal said. Valuations for tech startups have been rising dramatically, as illustrated by Facebook's $1 billion purchase of photo-sharing application Instagram last month. Pinterest, an online scrapbook where users can "pin" images and follow others, has grown from less than one million users in May 2011 to about 20 million in April, according to comScore. It is the 16th most-visited site in the United States, according to Web information company Alexa. The Palo Alto, California-based company, which was launched in the fall of 2009, is led by co-founder Ben Silberman. The funding will help Pinterest expand into Japan and Rakuten's 17 other markets, Rakuten said. "We see tremendous synergies between Pinterest's vision and Rakuten's model for e-commerce," Rakuten Chief Executive Hiroshi Mikitani said in a statement. (Reporting by A. Ananthalakshmi and Bijoy Koyitty in Bangalore; Editing by Muralikumar Anantharaman and Greg Mahlich) Tech Deals Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Global Deals Review Inflows Outflows Media Japan Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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