Snapchat raises $1.8 bn at $20 bn valuation
Snapchat on Thursday raised $1.8 billion in its Series F round of funding from investors including Sequoia Capital, General Atlantic, IVP and Fidelity. The latest funding round reportedly values the company at around $20 billion. According to recent documents, the Los Angeles-based photo-messaging and multimedia app generated $59 million in revenue in 2015. 