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Snapchat Could Be Valued As High As $19B In New Funding Round

Snapchat Could Be Valued As High As $19B In New Funding Round

by Brad MerrillFebruary 18, 2015

A new round of funding being sought by Snapchat could value the company as high as $19 billion, according to a new report.

“A person with knowledge of the matter” told Bloomberg that the company is hoping to raise as much as $500 million, with execs “in advanced discussions” with fund managers.

This round could potentially land Snapchat a valuation of between $16 billion and $19 billion, making it one of the top three VC-backed startups—behind Uber and Xiaomi.

Snapchat declined to comment on this story.

In 2013, Facebook placed a $3 billion bid to acquire Snapchat, which the company declined.

About The Author
Brad Merrill
Brad Merrill is the founder and former editor of VentureBreak.