Sunday, February 10, 2013

Snapchat Lands $13.5 Million in Round Led By Benchmark Capital

Snapchat Lands $13.5 Million in Round Led By Benchmark Capital

Snapchat, the popular photo and video message app known for messages that disappear after a short time, has raised a $ 13.5 million round of venture capital funding in a round led by Benchmark Capital, at an implied valuation of $ 60-70 million according to a report in The New York Times. The company says its users send more than 60 million photos a day. (Correction: The original headline on this item said Bessemer Ventures. Sorry about that.)

No comments:

Post a Comment

//PART 2