Snapchat’s raised more than $537M since February and it may raise $112M more

At 100 million daily users strong, Snapchat today revealed that it’s raised over $537.6 million since February.

And Snapchat may raise at least $112 million more, according to a public filing.

This news arrives two months after reports that Alibaba planned to invest $200 million into Snapchat. At the time, the New York Times wrote that a $200 million investment from Alibaba would value Snapchat at $15 billion.

According to CNBC, the complete $650 million round ($537 million + $112 million and some change) may value Snapchat at $16 billion.

Snapchat, channeling its inner Uber, has raised more than $1 billion to date.

Daily insights on business use cases with VB Daily

If you want to impress your boss, VB Daily has you covered. We give you the inside scoop on what companies are doing with generative AI, from regulatory shifts to practical deployments, so you can share insights for maximum ROI.

Subscribe Now

Read our Privacy Policy

Thanks for subscribing. Check out more VB newsletters here.

An error occured.