Snapchat Receives $200mn from Alibaba

Snapchat, the ephemeral messaging service, has received a $200 million investment from Alibaba.  The investment gives Snapchat a $15 billion valuation and comes after the company was reportedly valued at $10 billion at the end of 2014.  Investors in Snapchat include Yahoo, IVP and Kleiner Perkins Caufield & Byers.

Snapchat is a member of the Triton Research IPO Watchlist, a continuously updating database of companies we expect to either IPO or be acquired.  The current IPO Watchlist is comprised of 111 companies organized by investment theme.