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June 23, 2013 10:54 am GMT

Source: Snapchat Snaps Up $80M From IVP At An $800M Valuation

Screen Shot 2013-06-22 at 11.42.55 PMIt's the second day of summer, and Snapchat has raised an $80 million Series B round at an $800 million pre-money valuation, according to a source. The phat Series B round was led by Institutional Venture Partners,according to multiple sources, after being sought after by many other top-tier Valley VCs.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Bu5jBlKBuVY/

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