Snapchat is buying a search startup for over $100 million

VurbA screenshot of Vurb’s iPhone app.

Snapchat is buying search startup Vurb in a stock and cash deal totaling over $100 million, according to The Information.

Vurb bills itself as an “experience” search engine that helps people “easily find, save, and do the best things by connecting community recommendations, rich content, and useful services.”

The 5-year-old startup is backed by Redpoint Ventures, Tencent, Vivi Nevo, Max Levchin, Dropbox CEO Drew Houston, according to its website.

Snapchat declined to comment when reached by Business Insider. Vurb didn’t immediately respond to a request for comment.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at