|Change: offered +178% / raised +236% / placed 100%|
|XDATA – May 25th 2016|
|Snapchat closed its unregistered equity offering after increasing the placement’s size by 178% to $1.81 billion. The offer closed after the company raised $1.27 billion from one hundred and twenty-two additional investors within a year. At closing, a total of one hundred and fifty-seven investors had subscribed to Snapchat‘s offering. The company closed four unregistered private placements which raised an estimated $615.21 million.|
|Snapchat markets and develops 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 is headquartered in Venice CA. Snapchat elected to keep its revenues undisclosed.
The executive team includes Andrew Vollero, Chris Handman, Evan Spiegel, Imran Khan and Robert Murphy.
The board of directors includes Joanna Coles, Michael Lynton, Mitch Lasky and Stanley Meresman.
The company has raised an estimated total of $2.42 billion via private unregistered security offerings.
Industry: Other Technology
Amount offered: $1.81 billion
Amount placed: $1.81 billion
SEC filing: Source
First sale: 02-17-2015
Data as of: 05-25-2016