Pinterest raises $150 million at a $12 billion valuation

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Ben Silbermann Pinterest

John Lamparski/Getty

Pinterest CEO Ben Silbermann.

Pinterest has raised $150 million in funding at a $12.3 billion valuation, the company told Bloomberg on Tuesday. The round was based on Pinterest's share price from two years ago and brings its valuation up slightly from $11 billion in April 2015.

A Pinterest representative wasn't immediately available to comment.

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