View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
January 2, 2015

Happy NYE for Snapchat with $485m of funding

Funding disclosed in Securities and Exchange Commission filing.

By Ellie Burns

Snapchat has raised nearly half a billion dollars according to a Securities and Exchange Commission filing made on New Year’s eve. The round of funding could put a $10 billion valuation on the US messaging start-up.

The filing reveals that Snapchat has raised $485,633,975, with the total number of investors involved in the offering numbering 23.

Although the names of the investors were not disclosed, Bloomberg reported that Yahoo and venture capital firm Kleiner Perkins Caufield & Byers could be involved.

Those named on the filing include founder Evan Spiegel, in addition to Sony CEO Michael Lynton and Benchmark partner Mitch Lasky who are named as ‘related persons’.

After a year which saw the company reject a $3bn acquisition offer from Facebook and the introduction of advertisements, the large round of funding could signal significant expansion plans for 2015.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.