Snapchat Valued at $10 Billion After Raising $20 Million From Top VC

Users numbered at 100 million

Snapchat joined the $10 billion startup club, alongside the likes of Uber and Airbnb, according to a Wall Street Journal report. Silicon Valley investment house Kleiner Perkins Caufield & Byers invested in the messaging app based largely on its huge user base, 100 million per month, the Journal said.

The user count is a big leap from what data companies have been able to report. The most recent comScore stat estimated that Snapchat has 27 million monthly visitors in the U.S.

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