Tag Archives: Snapchat

Snapchat is raising $200 million at approximately $20 billion valuation


According to TechCrunch, Snapchat is currently raising $200 million in a funding round, which will value the company at around $20 billion. The fundraising is said to be part of the startup’s $175 million Series F and is based on a share price of $30.72 per share. Once completed, this will boost the company’s total funding to around $1.5 billion. While there’s no doubt that Snapchat continues to attract hordes of millennials and advertisers to its platform, the high valuation could make the company too expensive for potential acquirers and further pushes the company to an IPO, which analysts predict will take place in 2017. According to Statista, Snapchat is one of the most popular unicorns in the private market with the potential to unseat Facebook’s dominance in the social media market.

Snapchat acquires Bitstrips


Last week, Snapchat announced it has acquired Toronto-based Bitstrips for $100 million. Bitstrips is the maker of the popular Bitmoji app, which allows users to create avatars who resemble them by choosing from a range of options. The options include face shapes, skin colours, eye colours, hairstyles and outfits. According to analysts, the acquisition will allow Snapchat to integrate Bitstrips’ technology to its platform. The news of the acquisition briefly caused Snapchat to grab the number one spot in the iTunes App Store.

You can read about the acquisition here.

Snapchat raises $175 Million


Snapchat has raised $175 million in a Series F funding round from Fidelity Investments, valuing the company at the same $16 billion valuation it received last year. According to Reuters, the flat round indicates investors are becoming cautious of Snapchat’s sustainability. Last year, Fidelity devalued its stake in Snapchat by 25%, but it was marked up again last fall by about 15%. It is still unclear how profitable the company is and the mark down suggests that Snapchat could be overvalued.

You can read about the funding here.

Top 20 North American Deals for December 2015


Deal No. Amount Paid (USD) Company Investor/Buyer Sector Deal Type
1 $4,400,000,000 AOL Verizon Media Acquisition
2 $3,000,000,000 Aruba Networks Hewlett-Packard Hardware & Infrastructure Acquisition
3 $1,500,000,000 Lynda.com LinkedIn Media Acquisition
4 $1,400,000,000 Electronic Funds Source WEX Transactions Acquisition
5 $1,200,000,000 Virtustream EMC Software & Services Acquisition
6 $1,200,000,000 Uber Baidu Transactions Investment
7 $1,000,000,000 Uber Undisclosed Transactions Investment
8 $1,000,000,000 Uber Microsoft, Bennett Coleman & Co. Transactions Investment
9 $1,000,000,000 SoFi SoftBank Transactions Investment
10 $910,000,000 Altegra Health Emdeon Transactions Acquisition
11 $890,000,000 Xoom PayPal Transactions Acquisition
12 $810,000,000 Trustwave Singtel Software & Services Acquisition
13 $537,000,000 Snapchat Consortium Mobile & Apps Investment
14 $530,000,000 Lyft Rakuten Transactions Investment
15 $500,000,000 Zenefits Consortium Software & Services Investment
16 $500,000,000 Wish DST Capital Ecommerce Investment
17 $500,000,000 1010data Advance Software & Services Acquisition
18 $500,000,000 Jet.com Fidelity Investments Ecommerce Investment
19 $485,000,000 Snapchat Consortium Mobile & Apps Investment
20 $453,000,000 Lancope Cisco Software & Services Acquisition

More information

  1. Verizon Agrees to Buy AOL for $4.4 Billion (Wall Street Journal)
  2. HP to acquire Aruba Networks for about $3B (CNBC)
  3. LinkedIn to Acquire Lynda.com for $1.5BN (FinSMEs)
  4. WEX to Buy Electronic Funds Source From Warburg Pincus for $1.4 Billion (The Wall Street Journal)
  5. EMC Continues Shift To Cloud With $1.2B Virtustream Purchase (TechCrunch)
  6. Uber Has Raised $1.2B More In China With Baidu Investing As Rival Didi Kuaidi Gets $3B (TechCrunch)
  7. Facing Demand, Uber Expands Funding Round by $1 Billion (NY Times)
  8. Uber reportedly raises $1B at a $51B valuation from investors including Microsoft (VentureBeat)
  9. SoFi raises whopping $1 billion to refinance student loans (Fortune)
  10. Emdeon to Acquire Altegra Health for $910M (FinSMEs)
  11. PayPal to Acquire Xoom for $890M (FinSMEs)
  12. Singtel buys US cybersecurity firm for US$810M (Tech In Asia)
  13. Snapchat Closes Another Massive Funding Round — $537 Million (Re/code)
  14. Lyft Raises $530M in Series E Funding (FinSMEs)
  15. Zenefits Raises $500M Series C Funding (FinSMEs)
  16. Sources: DST Global Led Mobile Shopping App Wish’s $500M Round (TechCrunch)
  17. Advance Acquires 1010data for $500M (FinSMEs)
  18. Jet.com Raising up to $500 Million Led by Fidelity at $1 Billion Valuation (Re/Code)
  19. Snapchat Raises $485M in Funding (FinSMEs)
  20. Cisco Beefs Up Security, Buys Lancope For $453M (TechCrunch)