Snapchat reveals $485m of funding at a reported $10bn valuation

Lawsuits, leaked snaps and regulatory scrutiny haven’t put investors off messaging app as it finally starts making money from ads

Messaging app Snapchat has raised its latest round of funding, $485.6m, which may value the US-based company at more than $10bn.

The funding was revealed in a filing with the US Securities and Exchange Commission (SEC), with 23 investors taking part in the round, which takes Snapchat’s total funding so far to just under $648m.

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via Business Feeds

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