Snapchat Valued at $18 Billion in New Funding Round

Bloomberg: Snapchat is said to be valued at $18 billion after its latest round of funding. The financing pads the startup’s war chest as it attempts to evolve from a teen phenomenon into a mainstream media platform. The funding round totaled $1.8 billion, according to a U.S. regulatory filing. The amount includes about $650 million raised last year and an additional $1.2 billion this year.