Snapchat raises $175 million from Fidelity
Video messaging app Snapchat has reportedly raised $175 million in funding from Fidelity Investments and others. The funding is an extension to Snapchat's Series F round which it started raising in 2015. However, Snapchat raised the financing at the same $16 billion valuation it had a year ago. Snapchat is the sixth most valued venture-backed company in the world. 