Ephemeral messaging startup Snapchat has raised $50 million in equity financing from two investors, according to a new form D filed with the Securities and Exchange Commission on Wednesday.
The Series C raise is a magnitude of millions lower than the $200 million number originally bandied about in earlier reports, but it does fall in line with a filing that was unearthed last week. That filing also suggested a valuation of $2 billion.
Snapchat did not immediately return a request for comment.
The December raise follows Snapchat's last financing round just six months ago. At the time, Snapchat raised $… Read more