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Snapchat Eying Fresh Investment At $10B Valuation

  • Bloomberg, Wednesday, July 30, 2014 11:40 AM
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.

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