Snapchat's $1.8bn cash injection likely to make it world's fifth most valuable tech 'unicorn'
Snapchat has raised $1.8bn in its most recent funding round, according to a regulatory filing disclosed yesterday.
The cash injection is likely to place the tech giant as the fifth most valuable tech ‘unicorn’ in the world, behind names like Xiaomi and Airbnb.
Leaked documents obtained by TechCrunch have revealed the company’s revenue and forecasts. The report notes that while the company pulled in $59m in revenue in 2015, the fresh stream of investment from the latest funding round could bring the startup’s valuation to $20bn.
Sources familiar with the matter claim that new investors include General Atlantic, Lone Pine Read full story ›
Source: The Drum
