Snapchat, the social photo and video sharing app that has more than 100 million daily active users and eight billion daily video views, is in a funding round to raise nearly $200m, according to TechCrunch, bringing its total funding to more than $1.5bn. In March, the company raised $175m in a series F funding round. The new funding, which will be used for “strategic investments”, comes from existing investors including Andreessen Horowitz, Kleiner Perkins Caufield & Byers, Accel Partners, Shasta Ventures, Lightspeed Venture Partners
Snapchat, the social photo and video sharing app that has more than 100 million daily active users and eight billion daily video views, is in a funding round to raise nearly $200m, according to TechCrunch, bringing its total funding to more than $1.5bn. In March, the company raised $175m in a series F funding round. The new funding will raise its valuation from $16bn to $20bn.