Snapchat hopes they're worth $3.5 billion

They said no to Zuckerberg’s billion dollar offer. Now they’re going for another round of funding. This time, they hope they’re worth more than the chats that disappear after they’re sent.

Only a few months after closing a Series B round of $60 million that valued the ephemeral messaging company at $800 million, Snapchat has been in talks for another funding that values it at up to $3.6 billion, according to sources close to the situation.

Sources also added that the funding itself would be in the hundreds of millions of dollars and that the lead investor might be a strategic party from Asia.

Read full article

Comments