Snapchat has raised another $486m in funding, with 23 investors joined the offering, according to new SEC filings made recently. The recent SEC filing leaves those investors unidentified, but reports from Bloomberg and TechCrunch both suggest technology company Yahoo and venture capital firm Kleiner Perkins Caufield & Byers were involved in the round. The funding […]
Snapchat has raised another $486m in funding, with 23 investors joined the offering, according to new SEC filings made recently.
The recent SEC filing leaves those investors unidentified, but reports from Bloomberg and TechCrunch both suggest technology company Yahoo and venture capital firm Kleiner Perkins Caufield & Byers were involved in the round.
The funding brings the total raised by Snapchat to more than $649 million. It comes just four months after raising $20 million at a $10 billion valuation in August.
Snapchat’s previous investments came from VCs including Benchmark, Kleiner Perkins, and General Catalyst Partners.
The round values Snapchat at $10bn, little over a year after the company rejected a $3bn acquisition offer from Facebook.
The details of the funding round were revealed at the end of a year that has seen rapid growth for Snapchat, which is thought to now have 200 million active users sending photos and videos to one another – up from 100 million earlier in 2014.
Snapchat has also made its first steps towards making money, launching its first advertisement – a 20-second trailer for horror film Ouija, paid for by studio Universal Pictures – in October.
