Snapchat Raises $50 Million in Series C Round

Ephemeral messaging startup Snapchat has raised $50 million in a Series C round of venture capital, according to an SEC filing. The money was contributed by a single investor, CEO Evan Spiegel told TechCrunch. With today’s investment and the $60 million Series B round just a few months ago, Snapchat has raised upward of $120 million in total.