Snapchat is reportedly raising $650 million at a $16 billion valuation

Lisa Eadicicco, Maya Kosoff
Evan spiegel snapchatSuccessStories.comEvan Spiegel, CEO of Snapchat

Snapchat is reportedly raising $US650 million in equity, according to CNBC. This would value the company at $US16 billion.

The company previously raised a $US200 million Series E round in March from Alibaba, valuing the company at $US15 billion. To date, Snapchat has raised $US848 million in venture capital funding.

Developing…

NOW WATCH: We did the maths: Is Uber really cheaper than a taxi?

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.

Tagged In

sai-us snapchat