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. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Snapchat
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Snapchat files secretly for IPO - report

Published 16 Nov 2016 08:45 CET | World
Snapchat has filed for an initial public offering, sources familiar with the situation told Reuters. The company could go public ...

Snapchat launches sunglasses with integrated camera

Published 26 Sep 2016 08:54 CET | World
Snapchat said it will soon introduce Spectacles, sunglasses with an integrated camera. The new device will come in three colours ...

Snapchat confirms USD 1.8 bln funding round

Published 26 May 2016 15:50 CET | World
Snapchat has confirmed a Series F financing round of USD 1.8 billion, in a filing with the SEC. Of the total, USD 1.158 billion ...

Snapchat acquires Bitmoji app for over USD 100 mln

Published 25 Mar 2016 12:15 CET | World
Messaging startup Snapchat has agreed to acquire Bitstrips, the Canada-based maker of the virtual-sticker application Bitmoji, ...

Snapchat expects 2016 revenues of USD 300-350 mln - report

Published 08 Mar 2016 09:11 CET | World
Snapchat expects to achieve USD 300-350 million in revenue this year, compared to 50 million the year before, Recode reported, ...

Snapchat claims 8 bln video views per day

Published 01 Mar 2016 09:19 CET | World
Snapchat users are viewing around 8 billion videos a day on the app, the same number that Facebook reports, Snapchat CEO Evan ...

Snapchat raises USD 538 mln from new investors

Published 01 Jun 2015 08:56 CET | World
Messaging app Snapchat is raising another USD 650 million in equity financing. According to a SEC filing, the company already ...

Snapchat plans IPO

Published 27 May 2015 09:16 CET | World
Snapchat is working on an initial public offering of shares. CEO Evan Spiegel said at Re/code's annual conference in California ...