Social messaging app Snapchat has reportedly raised US$175 million (€160 million) in funding at the same US$16 billion valuation the company had a year ago.
According to a Wall Street Journal report, Fidelity Investments provided the funding, paying the same US$30.72 per-share price that it did last March.
Separately Reuters reported that the US$175 million came from Fidelity and other investors and was an extension of Snapchat’s Series F funding round, which it began raising last year.
Earlier this week Snapchat CEO Evan Spiegel reportedly told delegates at the Morgan Stanley Technology, Media & Telecom Conference in San Francisco that Snapchat users now watch eight billion videos on the service each day.
.@libertyglobal signs long-term content deal with Vubiquity digitaltveurope.com/2020/09/22/lib… https://t.co/usxlPhHVhh
22 September 2020 @ 13:00:01 UTC
Government puts stadium plans on hold, with sports set to continue without crowds digitaltveurope.com/2020/09/22/gov… https://t.co/1grfkMIx4r
22 September 2020 @ 12:21:02 UTC
RT @telestecorp: Don't miss #TelesteLive #freewebinar on Wednesday, 23 September, 3-4 CET! We will talk about the ongoing #technologytransf…
22 September 2020 @ 11:49:22 UTC
Industry veteran Ivins in at TVSquared as CSO digitaltveurope.com/2020/09/22/ind… https://t.co/mcpXew65oo
22 September 2020 @ 11:49:17 UTC
.@Quibi already exploring sale digitaltveurope.com/2020/09/22/qui… https://t.co/8iRy0yrXSb
22 September 2020 @ 10:41:46 UTC
