Fast-growing social scrapbook Pinterest is understood to have raised US$225m in a new funding round that could value the company at US$3.8bn.
The latest round involves Fidelity Investments, according to AllThingsD.
The investment follows an earlier US$200m funding round in February that valued the company at US$2.5bn at the time.
The latest funding round is understood to involve existing investors Andreessen Horowitz, FirstMarket Capital, Bessemer Venture Partners and Valiant Capital Management.
It is understood that the latest funding round will be used to fuel Pinterest’s international expansion and the company has hired its first global employees consisting of country managers in France, Italy and the UK.
Pinterest currently employs 150 people.
Ben Silbermann founded Pinterest in March 2010 as a way to connect everyone in the world through the things they find interesting.