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Snapchat looking for $80 million funding for $800 million valuation

Snapchat has recently been looking for a second round of funding and reports now state the company has gained $80 million in funding from Institutional Venture Partners. This funding would put Snapchat at an $800 million valuation, a little lower than previously expected. While Snapchat may not be a $1 billion company just yet, they have been