|$485.63 million was raised by late filer Snapchat following the successful placement and issuance of its unregistered equity securities. A total of twenty-three investors participated to the non-brokered placement which started almost a year ago. The company closed three previous unregistered private placements which raised an estimated $129.58 million.|
|Snapchat develops and markets a photo messaging application that allows users to communicate by taking photos or recording videos, add text and drawings, and send them. Investors include Lightspeed Venture Partners, Benchmark Capital, Coatue Management, Institutional Venture Partners and General Catalyst Partners.|
|The company was registered in 2012 and has its headquarters located in Venice CA. Snapchat elected to keep its revenues undisclosed.
The executive team includes Chris Handman, Emily White, Evan Spiegel and Robert Murphy.
The board of directors includes Michael Lynton and Mitch Lasky.
The company has raised an estimated total of $615.21 million via private unregistered security offerings.
Industry: Other Technology
Amount offered: $485.63 million
Amount placed: $485.63 million
SEC filing: Source
First sale: 04-04-2014
Data as of: 12-31-2014
|All dollar amounts are derived from filings lodged with the SEC by the company under current and previous names.|