Summary
According to the Wall Street Journal. Snapchat the startup featuring disappearing messages raised more than $1.8 billion in an investment round that stretched over more than a year, people familiar with the matter said. Several new investors, including Sequoia Capital, Spark Capital, Meritech Capital Partners and Dragoneer Investment Group participated in the funding, which valued Snapchat at close to $18 billion, the people said.
That valuation is higher than the $16 billion at which investors valued Snapchat in March 2015, because it includes the additional money from the latest funding round. All investors in that round bought common shares of the company for $30.72 apiece, the people said.
Midtown Partners