Snapchat is presently rounding up several investors, including Alibaba Group Holding, for another cash infusion, which would value the messaging startup at $10 billion. That’s what sources tell
Bloomberg. “The talks are ongoing and the terms of the funding may change,” it reports. To date, Snapchat has raised roughly $100 million from Lightspeed Venture Partners, Benchmark, and
Institutional Venture Partners, among others.
Read the whole story at Bloomberg »