Snapchat has never made hardly any money yet: it will not promote ads, fees individuals down load and you can/or play with the application, otherwise offer items as in-application sales. But money has been streaming on providers of another provider: venture capital businesses.

Snapchat raised $485k off seed capital of VC business Lightspeed Strategy People in , after certainly one of the couples found that the three best apps one of his d and you can Snapchat. „That’s interesting company. Of them, usually the one we’d never ever been aware of was Snapchat,“ Lightspeed’s Jeremy Liew advised TechCrunch into the .

Which had been accompanied by a beneficial $thirteen.5m bullet of Show A financing during the added by the various other esteemed VC firm, Standard Money, using its mate Mitch Lasky telling the fresh York Moments one to „We been hearing thaiflirting reddit Snapchat in identical context as the Fb, Instagram and you will Fb. You to got me curious“.

Merely five weeks after, Snapchat elevated an even bigger round, $80m, apparently plus $20m when you look at the a „additional providing“ one likely assisted Spiegel and Murphy cash-out several of their security regarding the team. This round is actually provided of the some other enterprise, Organization Promotion People, and also by this time, Snapchat’s valuation is actually $800m.Continue reading→