We are excited to bring Transform 2022 back in-person July 19 and virtually July 20 - 28. Join AI and data leaders for insightful talks and exciting networking opportunities. Register today!


At 100 million daily users strong, Snapchat today revealed that it’s raised over $537.6 million since February.

And Snapchat may raise at least $112 million more, according to a public filing.

This news arrives two months after reports that Alibaba planned to invest $200 million into Snapchat. At the time, the New York Times wrote that a $200 million investment from Alibaba would value Snapchat at $15 billion.

According to CNBC, the complete $650 million round ($537 million + $112 million and some change) may value Snapchat at $16 billion.

Snapchat, channeling its inner Uber, has raised more than $1 billion to date.

VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Learn more about membership.

Author
Topics