Snapchat Raises $1.81 Billion in New Funding Round

Posted Thursday, May 26, 2016 8:03 am

Anya George Tharakan | Reuters

Messaging app Snapchat Inc has raised $1.81 billion in an equity offering, indicating strong investor interest in the company despite concerns that it is struggling to attract advertisers.

Snapchat did not disclose its valuation in the latest round of funding in its filing on Thursday.

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Snapchat Raises $1.81 Billion in New Funding Round

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