Snapchat snags $50 million in latest funding round

Bill Brady

File 29603

Ephemeral messaging startup Snapchat has raised $50 million in equity financing from two investors, according to a new form D filed with the Securities and Exchange Commission on Wednesday.

The Series C raise is a magnitude of millions lower than the $200 million number originally bandied about in earlier reports, but it does fall in line with a filing that was unearthed last week. That filing also suggested a valuation of $2 billion.

Read the full story on CNET

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