Popular Social Media App, SnapChat Has Now Raised $2.6 billion In Funding In 5 Years Since It Was Founded


Remember when people mocked the idea that Facebook would be willing to pay Billions of Dollars to acquire Snapchat?

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Do you also remember how Evan Spiegel and Bobby Murphy, owners of Snapchat were smart to turn down Mark Zuckerburg’s initial offer of $3B to buy their app?

Snapchat confirmed in a recent filing that it has raised another USD 1.8B (yes with a “B”) in Funding.

The startup’s valuation, with that new capital included, is reportedly hovering around $20 billion.

Yes, $20 Billion for the Akant O!

The ever increasing valuation may be what grabs headlines (though it’s less crazy if Snapchat is really on the cusp of generating $1 billion in annual sales), but it’s the vast amount of capital now in Snapchat’s snapbank account that really deserves more attention.

Snapchat has now raised $2.6 billion in funding in the five years since it was founded, according to data from CrunchBase, a startup funding database. That is actually slightly more private capital than the $2.4 billion Facebook raised over an eight-year period before its 2012 public offering.


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