Snapchat Raises $13.5 Million

Snapchat is a popular photo and video messaging mobile app where the content gets deleted after a short amount of time.  Snapchat has raised $13.5 million in funding led by Benchmark Capital according to AllThingsD.  The valuation of the company is believed to be at around $60-$70 million.  Snapchat is currently hitting around 60 million photos per day.

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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