May
26
Snapchat Raises $1.8 Billion From Private Investors
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Snapchat has been proven wildly popular, especially for those ages 13 to 34, a group that is coveted by advertisers and brands. CreditMark Kolbe/Getty Images
SAN FRANCISCO — Snapchat, the disappearing message service with big media ambitions, has finished raising $1.8 billion, according to a Wednesday filing with the Securities and Exchange Commission.
While most start-ups raise money by putting together a group of investors who buy a specified amount of stock at a particular time, Snapchat collected the capital over more than a year. Snapchat, based in Los Angeles, said in the filing that it began raising the latest round on Feb. 17, 2015…
Snapchat Raises $1.8 Billion From Private Investors
