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Wireless

Snapchat valued at USD 20 bln in latest funding - report

Tuesday 24 May 2016 | 15:41 CET | News
Messaging app Snapchat is raising more financing at around a USD 20 billion valuation, sources with knowledge of the deal told TechCrunch. The company is in the process of raising about USD 200 million, according to the report. This is though to be a follow-on to its previous USD 175 million Series F round led by Fidelity, when Snapchat was said to be valued at USD 16 billion. 

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Categories: Mobile & Wireless
Companies: Snapchat
Countries: World
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