Snapchat Valued at $18 Billion in Funding RoundBy
Messaging startup closed a round totaling $1.8 billion
Company said to generate $59 million in 2015 revenue
Snapchat Inc., an app for sending disappearing messages, was valued at $18 billion after its latest round of funding, said a person familiar with the matter. The financing pads the startup’s war chest as it attempts to evolve from a teen phenomenon into a mainstream media platform.
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