Global private equity and venture capital news and research

Kleiner Perkins joins string of Snapchat venture capital investors

27 Aug 2014

taking-pictures-1-402703-mKleiner Perkins Caufield & Byers has reportedly laid down a venture capital investment into mobile photo-sharing business Snapchat which values the company at $10bn.

The new funding would bring the total amount of capital raised by Snapchat to more than $140m, according to the Wall Street Journal.

The company is said to have turned down a $3bn buyout offer from Facebook earlier this year.

Earlier this summer it was reported that the social media platform was in talks to raise a funding round from Chinese e-commerce giant Alibab Group.

Prior to that, International Venture Partners led a $60m Series B round for Snapchat.

Copyright © 2014 AltAssets

AltAssets Mobile App

To access the latest private equity news and stories download the new AltAssets mobile app from the

Legals & Terms of UsePrivacy Policy

AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: Zetland House, 5-25 Scrutton St, London EC2A 4HJ
Content is © AltAssets 2000-2016