Snapchat - About the company
Snapchat is a public company based in Los Angeles (United States), founded in 2011 by Bobby Murphy, Evan Spiegel and Reggie Brown. It operates as a Provider of multimedia messaging application. Snapchat has raised $2.62B in funding from investors like Yahoo, Lightspeed Venture Partners and Benchmark. The company has 394 active competitors, including 35 funded and 28 that have exited. Its top competitors include companies like Meitu, Kik and Snap.
Sectors and market segments that Snapchat operate in
Snapchat serves in the Mobile, Media & Entertainment market segments.The primary business model of Snapchat are:Company Details
Provider of multimedia messaging application. It offers users to send ephemeral messages to others. It provides solutions to capture photos and videos from their devices, edit with multiple filters, and share photos and video clip messages with friends. It offers features such as short videos, live video chatting, messaging, creating Bitmoji avatars, and sharing photos and videos through stories. It also provides a memories feature that allows users to store the snaps and stories in a private storage area. The application is available for both Android and iOS users.
- Website
- www.snapchat.com/
- Registered Address
- Chantilly, Virginia
Key Metrics
Founded Year
2011
Location
Los Angeles, United States
Stage
Public
Total Funding
$2.62B in 10 rounds
Latest Funding Round
Ranked
2nd among 394 active competitors
Annual Revenue
$4.61B as on Dec 31, 2023
Employee Count
3 as on Mar 31, 2026
Exit Details
Public
Legal entities associated with Snapchat
Snapchat is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
SNAPS GROUP LIMITED CIN: 14977754 , United Kingdom, Active | Jul 02, 2023 | - | - | |
SNAP, INC. CIN: 541886708 , United States, Active | Dec 31, 2010 | $4.61B (As on Dec 31, 2023) | 31 (As on Dec 31, 2024) | - |
Snap Latvia CIN: 40203031062 , Latvia, Deadpooled | Nov 08, 2016 | $2.19M (As on Dec 31, 2018) | 5 (As on Dec 31, 2018) | - |
Snapchat's IPO details
Snapchat got listed on Mar 03, 2017.
Click here to take a look at Snapchat's IPO in detail
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Snapchat's funding and investors
Snapchat has raised a total funding of $2.62B over 10 rounds. Its first funding round was on Apr 12, 2012. Its latest funding round was a Post IPO round on Aug 07, 2018 for $250M. 1 investor participated in its latest round. Snapchat has 59 institutional investors and 3 angel investors.
Here is the list of recent funding rounds of Snapchat:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 07, 2018 | $250M | Post IPO | - | - | - | |
Nov 14, 2017 | $146M | Post IPO | - | - | - | |
Nov 04, 2016 | Undisclosed | Series F | $25B | - | - |
View details of Snapchat's funding rounds and investors
Snapchat's founders and board of directors
Founder? Claim ProfileThe founders of Snapchat are Bobby Murphy, Evan Spiegel and Reggie Brown. Evan Spiegel is the CEO of Snapchat.
Here are the details of Snapchat's key team members:
- Bobby Murphy: Co-Founder of Snapchat and founder of 2 other companies, Snap and Toyopa Group. Contact Info: 2 email addresses
- Evan Spiegel: Co-Founder & CEO of Snapchat and founder of 2 other companies, Snap and Toyopa Group. Contact Info: 2 email addresses and 1 phone number
- Reggie Brown: Co-Founder of Snapchat. Contact Info: 1 email address
View details of Snapchat's Founder profiles and Board Members
Snapchat's employee count trend
Snapchat has 3 employees as of Mar 26. Here is Snapchat's employee count trend over the years:
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Snapchat's Competitors and alternates
Top competitors of Snapchat include Meitu, Kik and Snap. Here is the list of Top 10 competitors of Snapchat, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Developer of image, video, and design creation software and applications | $525M | 85/100 | ||
2nd | Snapchat 2011, Los Angeles (United States), Public | Provider of multimedia messaging application | $2.62B | 80/100 | |
3rd | Kik 2009, Santa Monica (United States), Acquired | Multimedia messaging app | $166M | 71/100 | |
4th | Snap 2011, Santa Monica (United States), Public | Developer of a visual messaging service and AR creation tools | - | 70/100 | |
5th | Yope 2021, Middletown (United States), Seed | Photo-sharing app | $6.65M | 62/100 | |
6th | Photo sharing platform and stock photo marketplace | $23M | 58/100 | ||
7th | Image and video sharing social platform | $3.92M | 56/100 | ||
8th | Messaging and chat app | - | - | 55/100 | |
9th | Pica Group 2018, Milano (Italy), Seed | Online photo-sharing platform | $5.87M | 51/100 | |
10th | Daze 2024, New York (United States), Series A | Provider of messaging platform | $5.7M | 51/100 |
Looking for more details on Snapchat's competitors? Click here to see the top ones
Snapchat's Investments and acquisitions
Snapchat has made 6 investments in companies including Galaxy and Aleph. Snapchat has also acquired 18 companies including KeyDB and AI Factory.Here is the list of investments & acquisitions:
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Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Jul 21, 2022 | Investments | 2019 | Brooklyn (United States) | |
May 12, 2022 | Acquisition | 2019 | Toronto (Canada) | |
Feb 23, 2022 | Investments | 2020 | Miami (United States) |
See all investments and acquisitions by Snapchat
News related to Snapchat
Media has covered Snapchat for a total of 142 events in the last 1 year, 83 of them have been about company updates and 17 about partnerships.
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Snap-on Acquires U.K. Hydraulic Tools & Lifting Manufacturer for $58MModern Distribution Management•May 06, 2026•Snapchat, Hydrofabs
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Experian and Snapchat partner for financial literacy initiativeFinextra•Apr 29, 2026•Snapchat, Experian
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Snapchat promotes Snapcodes as a marketing tool with advanced customization options.Social Media Today•Apr 08, 2026•Snapchat
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Australia Probes Tech Giants for Social Media Ban ComplianceThe Hindu•Mar 31, 2026•TikTok, Snap, YouTube, and 4 others
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Dolby Sues Snapchat Over AV1 Codec, Questioning Royalty-Free PromiseArs Technica•Mar 28, 2026•Dolby, Snapchat
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Snapchat hops onto the "full-funnel" bandwagon with ad formats - TubefilterTubefilter•Mar 27, 2026•Snapchat
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