Home Snapchat raises USD 538 mln from new investors
 

Keywords :   


Snapchat raises USD 538 mln from new investors

2015-06-01 08:56:00| Telecompaper Headlines

(Telecompaper) Messaging app Snapchat is raising another USD 650 million in equity financing. According to a SEC filing, the company already raised USD 538 million of the round in recent months and targets a total USD 650 million. New investors in the latest round include Alibaba and the hedge funds Glade Brook Capital Partners and York Capital Management. The financing values Snapchat at USD 16 billion, a person familiar with the matter told the Wall Street Journal. This is 60 percent more than its previous funding round in December. 

Tags: usd investors raises mln

Category:Telecommunications

Latest from this category

All news

»
02.11Subtropical Storm Patty Update Statement
02.11Summary for Subtropical Storm Patty (AT2/AL172024)
02.11Atlantic Tropical Weather Outlook
02.11Eastern North Pacific Tropical Weather Outlook
02.11Weekly Recap: Nippon Paint, AkzoNobel, PPG Top This Weeks Stories
02.11Subtropical Storm Patty Graphics
02.11Subtropical Storm Patty Forecast Discussion Number 1
02.11Subtropical Storm Patty Wind Speed Probabilities Number 1
More »