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CrunchBase Daily: Snapchat, Bitcoin, Shopify, TRUECar, Mocana, Simpli.fi, Koru, ShopH

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  • CrunchBase Daily: Snapchat, Bitcoin, Shopify, TRUECar, Mocana, Simpli.fi, Koru, ShopH

    Los Angeles-based messaging app Snapchat has raised $50 million in Series C funding from single investor Coatue Management at a valuation reportedly just under $2 billion. The funds will go towards growing the business, which currently sees over 400 million snaps sent per day and more than 30 million monthly active users. Snapchat's previous investors include Lightspeed Venture Partners, Benchmark, SV Angel, IVP, and General Catalyst. Founded in 2011, Snapchat has raised $123 million in funding to date.


    San Francisco-based Bitcoin wallet provider Coinbase has raised $25 million in a Series B round led by Andreessen Horowitz with participation from past investors Union Square Ventures and Ribbit Capital. The funds will be used to scale Coinbase to promote and prepare for the broad adoption of Bitcoin. Founded in 2012, Coinbase is the largest and fastest-growing Bitcoin service in the U.S. and has raised $31 million in funding to date.


    Canadian ecommerce platform Shopify has raised $100 million in Series C funding led by OMERS Ventures and Insight Venture Partners. Shopify offers businesses a professional online storefront, a payment solution to accept credit cards, and a POS application to power retail sales, and plans to use the latest funding to provide offline commerce services. Founded in 2006, Shopify has now raised $122 million in total funding and serves 80,000 businesses with its ecommerce and inventory systems.
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  • #2
    Thanks for sharing this information with us......
    I Love this Forum

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