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SV Angel Invested $30M In Pinterest Secondary Sale

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http://techcrunch.com – Last week we reported on an SEC filing of a new $30 million raise for SV Angel, for a fund called SV Angel-III Growth P. We’ve since heard from multiple sources that this $30 million is a Special Purpose Vehicle for SV Angel, specifically reserved to buy secondary shares in Pinterest for existing LPs. We’ve also confirmed with SV Angel co-founder David Lee that this is indeed the case. The $30 million secondary investment will be at the same $1.5 billion valuation that Rakuten got in Pinterest’s last, primary, raise, according to our sources. Most of the $30 million will (IT news)