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Snapchat seen seeking fresh funding

Firm's valuation, at US$16-19b in latest round, has been rising since it started in 2011

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Snapchat, which makes a mobile application for sending photos and videos that disappear within seconds, wants to raise as much as US$500 million.

San Francisco

SNAPCHAT is seeking a new round of funding that would value the company as high as US$19 billion, a person with knowledge of the matter said, making it the third-most valuable venture-backed company in the world.

Snapchat, which makes a mobile application for sending

sentifi.com

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