Thursday, January 24, 2013

SV Angel Invested $30M In Pinterest Secondary Sale

Screen Shot 2013-01-23 at 7.24.21 PMLast 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.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/CIdJsJipB9I/

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