Thursday, May 26, 2016

Snapchat's Latest Funding Round Hits $1.8 Billion

Venice, California-based Snapchat has raised $1.8 billion in its Series F funding round, according to a regulatory filing by the firm this morning, in what might be the largest funding round ever for a Southern California startup. Details on the round have not been announced. The filing said that 157 investors participated in this new round, and other reports say that General Atlantic, Sequoia Capital, T. Rowe Price, Lone Pine, Glade Brook Capital, IVP, Coatue Management and Fidelity are involved in this latest funding.

---