Snapchat is Raising More Funds Around $20 Billion Valuation

Snapchat has plans to raise more money at around a $20 billion valuation. One investor close to the company revealed that Snapchat gets offers for funding all the time. Some have theorized that the best way to handle a company of this caliber is with some kind of rolling funding. Although it can be different from other startups, it also reflects Snapchat’s fast growth.

The company has declined to comment on the fundraising. A previous round had closed earlier in the year at a different valuation from the $20 billion being reported currently. Despite Snapchat’s growth, there is some concern about the hefty valuation. The greater the valuation, the less likely others will be able to afford Snapchat.

Business Writer
Not weird enough for the freaks. Not obsessive enough for the geeks. Thoroughly laconic but will communicate for food/existential expression. Graduated with a Degree in Marketing Management but chose to write for a living instead.