Snapchat Raises $485M in Funding

snapchatSnapchat, a Los Angeles, CA-based provider of a messaging app that allows users to send messages that then disappear, raised approx. $485m in funding.

According to a filing with the S.E.C., 23 unnamed backers participated in the round. No other information is listed in the document. Current investors in the company include Kleiner Perkins Caufield & Byers, Coatue Management, Tencent, SV Angel, Lightspeed Venture Partners, Benchmark, General Catalyst Partners and Institutional Venture Partners (IVP).

Led by Evan Spiegel, Snapchat provides a messaging app that allows people to send real-time messages that disappear after some seconds. The app also lets the sender knows if receivers take a screenshot.
It is available for iPhone and Android.

The company is hiring.



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