Snapchat, a real time picture chatting app for iOS and Android, has been valued between $60 and $70 million with over 60 million ‘snaps’ being sent each day. A total of 5 billion photos have been sent since the launch in September 2011, which has helped it to complete a Series A venture funding round totaling $13.5 million, led by Benchmark Capital (previously invested in Instagram).
Find out more here.
Image by Vectorportal.
