VC-backed Snapchat racks up $485.6 mln in Series D funding


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Venice, Calif.-based Snapchat, a mobile photo-sharing service, has kicked off the New Year by revealing per a  Form D SEC filing that it raised $485.6 million in Series D funding.

Kleiner Perkins Caufield & Byers is reportedly one of the investors, says Crunchbase.

In December 2013, Snapchat snagged $50 million in Series C funding in a round that included Coatue Management. That same year Snapchat rejected Facebook‘s bid to acquire it for $3 billion.

Founded in 2011, Snapchat is led by co-founder and CEO Evan Spiegel.

Photo courtesy of 360b/Shutterstock.com 

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