Big week in funding sees Snapchat and Victorious raise almost $2B

by John Siegel
May 26, 2016

Based on strong returns from their recent monetization efforts, Venice-based Snapchat was able to pull in a $1.8 billion in Series F funding. 

Investors include General Atlantic, Sequoia Capital, T. Rowe Price, Lone Pine, Glade Brook Capital, IVP, Coatue Management and Fidelity, among others.

The company's recent monetization efforts led to a $53 million yield in 2015 — and new plans to amplify their efforts in the wake of the funding. 

Though the company's value was not a part of their Form D, their reported valuation was $17.5 billion pre-money, putting the company's suspected valuation at around $20 billion. 

 

Santa Monica-based Victorious raised $25 million in Series B funding, the company announced this week. Investors for the round include Marker LLC, Dentsu Ventures, Kleiner Perkins Caufield & Byers and Redpoint.

The startup creates apps focused on YouTube creators and celebrities and recently created an X-Men app for 20th Century Fox. The company plans to use the money raised to power an international expansion. 

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