Snapchat has never made any cash yet: it doesn’t sell advertisements, fees people to obtain and you can/or fool around with their app, or sell extras such as-app orders
Snapchat elevated $485k of seeds financing away from VC organization Lightspeed Venture Partners in the , 
immediately following certainly their people learned that the 3 most popular software one of his d and you will Snapchat. „That is interesting organization. Of those, usually the one we’d never ever heard about is Snapchat,“ Lightspeed’s Jeremy Liew informed TechCrunch in .
It bullet try provided from the various other company, Institutional Strategy Partners, by this point, Snapchat’s valuation try $800m
That was followed closely by a $thirteen.5m bullet of Collection A funding in added by various other esteemed VC business, Benchmark Money, along with its mate Mitch Lasky telling the latest York Moments one to „I already been reading Snapchat in identical context because Facebook, Instagram and you may Facebook. That had myself interested“.