Snapchat seeks new funding at up to $19 billion valuation: Bloomberg
By Reuters
Feb 17, 2015 06:00 PM EST
Regions
A man walks past Snapchat's headquarters in Venice, Los Angeles California October 13, 2014. (Photo : Reuters)
Snapchat is looking to raise as much as $500 million in a new funding round that would value the mobile messaging company at up to $19 billion, Bloomberg reported on Tuesday, citing a person with knowledge of the matter.
Executives of the company, which allows users send messages that disappear after a few seconds, are in advanced talks with fund managers, the person told Bloomberg. (bloom.bg/1AiWtif)
Los Angeles-based Snapchat could not be reached immediately for comment.
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