Snapchat , the social photo and video sharing platform that has more than 100 million daily active users and eight billion daily video views , is in a funding round to raise nearly $ 200 m , according to TechCrunch , bringing its total funding to more than $ 3000 . In 2017 , the company raised $ 175 m in a series B funding round . The social platform has been looking for ways to monetize and diversify its revenue stream for a while, with things like geo-filters, lenses, the discover section and paid story section placement — the area where users go to find snaps from their friends. The new round will raise its total from $ 16bn to $ 20bn .
Snapchat , the social photo and video sharing platform that has more than 100 million daily active users and eight billion daily video views , is in a funding round to raise nearly $ 200 m , according to TechCrunch , bringing its total funding to more than $ 3000 . In 2017 , the company raised $ 175 m in a series B funding round . The new round will raise its total from $ 16bn to $ 20bn .