SV Angel recently invested $30 million into popular online pin board social network Pinterest.
The investment, which was raised by SV Angel last week according to an SEC filing, will be used to purchase secondary sales of Pinterest at 2 percent of the startup’s current $1.5 billion valuation, according to TechCrunch who first reported the news.
This Pinterest secondary sale will also be independent from the $40 million ‘SV Angel IV’ fund the group raised back in Auguest 2012.
SV Angel, Ron Conway and David Lee’s investment firm, has previously invested in Pinterest, as well as many other notable startups, including Square, Twitter, Airbnb, Foursquare, and others.
Money photo via DenisNata/Shutterstock
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