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IVP: We Love LA, So We Invested In Snapchat

socalTECH

A lot of heads turned Monday after Venice-based Snapchat , the instant-photo messaging service known for its self destructing chats, announced a huge, $60M round at a huge valuation. Why did lead investor IVP invest in what most local investors shied away from? snapchat venture capital investment valuation jamdat'

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Report: Snapchat Turns Down $3 Billion Offer From Facebook

socalTECH

In a very bold move, Venice-based Snapchat has apparently turned down a $3 billion acquisition offer from Facebook , according to a report today from the Wall Street Journal. snapchat merger acquisition exit facebook tencent mobile' READ MORE>>.

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Snap’s Yellow accelerator debuts its third batch of investments

TechCrunch LA

The group occupies some familiar spaces for past investments, with a focus on niche social communities, mobile media tools and augmented reality. Snap investment Hardworkers. Yellow investment SketchAR. Earlier Yellow bets skewed more toward content investments as Snapchat was scaling Discover.

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Snapchat, R/GA Partner For New Startup Accelerator

socalTECH

the parent firm behind Snapchat , has joined up with R/GA Marketing --which helps run the Dodgers Accelerator in Los Angeles--to launched a new startup accelerator, the R/GA Marketing Tech Venture Studio with IPG. Venice, California-based Snap Inc. , READ MORE>>.

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Report: Tinder Now Valued Over $5 Billion

socalTECH

Los Angeles-based Tinder , the mobile dating app developer led by Sean Rad, is now worth over $5 billion, according to a report Friday from Bloomberg. A valuation of $5 billion puts Tinder''s worth above the $3 billion offer that Snapchat rejected last year from Facebook. Bloomberg cited "people with knowledge of the deal."

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Snapchat At Funding Trough Again, Raising $650M

socalTECH

Venice-based Snapchat has raised $537.6M Snapchat has now raised north of $1.15‎ billion. more--part of an ongoing $650M funding round--as the instant messaging app developer continues to break Southern California records in both total funding and valuation. billion raised), and much more successful SpaceX ($1.2 billion).

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Snap Launches Media Startup Accelerator

socalTECH

Venice, California-based Snap , the parent company of Snapchat, is launching a new startup accelerator, named "Yellow", the company disclosed on Wednesday afternoon. The accelerator said it will invest $150,000 into ten different "creators" and startups focused in the media area.

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