Snapchat Closes $13.5M Series A Led By Benchmark Capital

February 12, 2013

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Snapchat the impermanent messaging app that won “Fastest Rising Startup” at the 2012 Crunchies, has finalized a $13.5 million Series A round led by Benchmark’s Mitch Lasky.

According to The New York Times, Snapchat is now valued between $60 and $70 million. In December, GigaOm’s Om Malik reported that Snapchat was raising an $8 million round from Benchmark at roughly a $50 million valuation; and our own Eric Eldon wrote that Snapchat was raising a Series A “north of $10 million” at a rough $70 million valuation, led by Lasky.

 

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