Snapchat Closes $1.8 Billion Funding Round; 2015 Revenue, Daily Active User Figures Leaked

Snapchat officially closed a $1.8 billion funding round, and year-end-2015 revenue and daily-active-user figures were revealed in a leaked pitch deck.

Snapchat announced in a filing with the Securities and Exchange Commission that it closed a $1.8 billion series-F funding round, and a leaked pitch deck obtained by Ingrid Lunden and Katie Roof of TechCrunch revealed its revenue at the end of 2015, revenue projections and year-end daily-active-user numbers.

TechCrunch reported that $1.158 billion of the $1.8 billion funding round has been raised during the past five months, and investors include General Atlantic, Sequoia Capital, T. Rowe Price, Lone Pine, Glade Brook Capital, Institutional Venture Partners, Coatue Management and Fidelity Investments.

As for the information from the leaked deck, TechCrunch reported that Snapchat totaled $59 million in revenue in 2015, pointing out that the company’s monetization efforts did not begin until the latter part of the year. Snapchat projected revenue of $250 million to $350 million in 2016 and $500 million to $1 billion in 2017.

Snapchat also reported 110 million daily active users at year-end 2015, up from 74 million at the end of 2014.

Readers: What do you think of Snapchat’s growth projections?

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