socalTECH

JANUARY 5, 2017

Venice, California-based Snap, Inc. , the parent company of Snapchat , has filed lawsuit in the Los Angeles County Superior Court, alleging that he was fired for refusing to tell lies to potential IPO investors. The lawsuit was filed on Wednesday. READ MORE>>.

Snapchat

socalTECH

SEPTEMBER 7, 2016

Venice, California-based Snapchat has begun discussing an IPO with bankers, but has yet to select an investment bank to lead the effort, according to a report on Wednesday. Snapchat reportedly is looking at an IPO towards the end of this year or in early 2017.

Snapchat

socalTECH

JUNE 22, 2017

Venice, California-based Snap Inc. , the parent company of Snapchat , has acquired social app startup Zenly , in a deal reportedly worth $250M to $350M in cash and stock. Snapchat just rolled out a new, location sharing feature for Snapchat based on Zenly's technology, but will continue to operate Zenly as an independent service.

Snapchat

socalTECH

SEPTEMBER 15, 2015

Venice, California-based instant messaging app developer Snapchat launched a new feature, "Lenses" Tuesday, allowing users to overlay cute selfie filters and overlays on snaps. Financial terms of the acquisition were not announced, but the deal has been reported to be worth around $150M. Looksery was based in San Francisco.

Snapchat

socalTECH

NOVEMBER 15, 2016

A report on Tuesday afternoon from Reuters says that Venice, California-based social communications and networking app developer Snapchat has filed its paperwork for its IPO. No terms or details on that IPO have been yet announced by the company, which has been rumored to be working on an IPO for months. READ MORE>>.

Snapchat

socalTECH

OCTOBER 26, 2016

Venice-based Snapchat is hoping to launch an IPO, which will raise the company an astounding $4 billion in capital--valuing the company at between $25 billion and $35 billion--according to a report on Wednesday from Bloomberg. Snapchat is in the midst of an IPO effort being led by Morgan Stanley and Goldman Sachs Group.

Snapchat

socalTECH

MARCH 26, 2018

Venice, California-based Snap , the parent firm of Snapchat , has quietly acquired a 3D gaming engine developer based in the UK, according to a report. No details on the acquisition have been announced by either of the companies. According to the report, Snap acquired PlayCanvas, a developer of 3D game design software, last May.

Snapchat

socalTECH

SEPTEMBER 26, 2016

Venice-based Snapchat said over the weekend that it has renamed itself to Snap Inc. , Snapchat said the new Spectacles sunglasses include an integrated video camera that "makes it easy to create Memories." as it rolled out a new, wireless camera integrated with sunglasses called Spectacles. for the Wall Street crowd :)".

Snapchat

socalTECH

OCTOBER 12, 2016

Venice-based Snapchat has selected two investments banks--Morgan Stanley and Goldman Sachs--to lead the company's much anticipated IPO, according to a report from Reuters Wednesday afternoon. The report--citing "a source familiar with the situation"--said the IPO would value Snapchat at $25 billion. READ MORE>>.

Snapchat

socalTECH

APRIL 26, 2021

Venice, California-based Snap, the parent company of Snapchat, has acquired 3D image acquisition company Pixel8earth. Pixel8earth develops a crowdsourced, 3D imagery acquisition service, which allows people to help build out a an open, 3D map of the world--mapping into 3D space. The deal was reportedly worth $7.6M.

Snapchat

socalTECH

NOVEMBER 3, 2017

Venice-based Snap , the parent company of Snapchat , has reportedly acquired programmatic advertising startup Metamarkets , according to unconfirmed reports. Neither Snap nor Metamarkets have yet announced any acquisition. Those reports place the transaction value of the buy at less than $100M. READ MORE>>.

Report

socalTECH

JANUARY 16, 2017

A report on Monday says that Evan Spiegel and Bobby Murphy, the founders of Venice-based Snap Inc. , the parent company of Snapchat , will retain majority voting control of the company, even after the IPO. According to the WSJ, Spiegel and Murphy are expected to keep more than 70 percent of the voting power in Snap Inc.,

Snapchat

socalTECH

NOVEMBER 23, 2020

Venice, California-based Snap , the parent company of Snapchat has reported acquired Voisey , the developer of an app which lets users overlay their voice on top of existing music tracks.

Snapchat

socalTECH

MAY 30, 2017

Venice, California-based Snap , the parent company of Snapchat , recently acquired neighboring Venice-based drone technology developer Ctrl Me Robotics , according to reports over the weekend. The deal was reportely worth less than $1M. Ctrl Me Robotics was founded by Simon Saito Nielsen. READ MORE>>.

Report

Both Sides of the Table

OCTOBER 8, 2014

billion 2013 figure) have been massive financings at Honest Company ($70mm), JustFab ($85mm), ZipRecruiter ($63mm) and lord only knows how much SnapChat has actually accumulated. In the last month alone (ie not captures in the $1.5 What Has Given Birth to This New Movement in LA? .

Entrepreneur

socalTECH

AUGUST 12, 2020

Venice, California-based Snap , the parent company of Snapchat , has reportedly been in talks with New York-based Dubsmash on an acquisition, according to The Information, which says that Facebook also has been talking with the TikTok competitor. The Information cited "a person familiar with the matter".

Report

socalTECH

AUGUST 3, 2017

A report on Thursday said that Google offered to buy Venice, California-based Snap , the parent company of Snapchat , in a deal worth $30 billion. The report , from the Business Insider, cited "three people" including people "inside and close to the company" for the information.

Google

socalTECH

DECEMBER 20, 2016

Venice-based Snap , the parent firm of Snapchat, has acquired San Francisco-based ad technology developer Flite , according to reports this morning. According to recode, the acquisition is an "acquihire", and Snap is using the buy to help bring in new ad technology talent, rather than any software developed by Flite.

Report

socalTECH

JUNE 5, 2017

Venice, California-based Snap Inc. , the parent firm of Snapchat , has acquired, location-based information startup Placed , according to Placed. Financial terms of the buy were not disclosed. Placed was based in Seattle. Financial details of the deal were not announced, but a report said Snap paid more than $200M for the startup.

Snapchat

socalTECH

FEBRUARY 16, 2017

Venice, California-based Snap Inc. , the parent company of Snapchat , has set its estimated initial IPO pricing, saying this morning in a filing that it estimates its initial public offering price at betwen $14.00 and $16.00 Snap said it is planning to sell as many as 230,000,000 shares of its stock, which would net it around $3.68

Snapchat

socalTECH

JANUARY 10, 2017

Venice, California-based Snap, Inc. , the parent company of Snapchat , said on Tuesday that it has not established a new international headquarters in London--despite media reports. The company said it has "one HQ, in Venice", and the changes in London simply involved billing advertising revenue in the UK through a UK entity.

Venice

socalTECH

MARCH 3, 2017

The most unusual benificiary of the huge IPO of Venice, California-based Snap Inc. this week appears to be a Silicon Valley high school, which made $24M for its investment in Snapchat. Mountain View-based St. Francis High School apparently sold 1.4 million shares of its stock as part of the IPO, out of 2.1 READ MORE>>.

Snapchat

socalTECH

MARCH 2, 2017

Venice-based Snap Inc. Snap, the parent company of Snapchat , is now the largest ever IPO to debut out of Southern California's high tech ecosystem. had a huge debut on the New York Stock Exchange (NYSE) on Thursday, as it started trading as SNAP, surging above $25.00 per share in early morning trading--up more than 43%. billion each.

Southern California

socalTECH

FEBRUARY 24, 2020

Venice, California-based Snap has acquired the assets of ill-fated augmented reality (AR) hardware developer Daqri , according to a report today. Financial details of the asset acquisition were not announced. According to Protocol, the acquisition was of "certain Daqri assets" and around two dozen employees.

Venice

socalTECH

JANUARY 31, 2017

The highly anticipated IPO filing for Venice, California-based Snap Inc. , the parent company of Snapchat is now expected as early as this week, as reports say the company has selected the New York Stock Exchange (NYSE) for its listing. The company's IPO is rumored to value the company at more than $25 billion. READ MORE>>.

Snapchat

socalTECH

SEPTEMBER 8, 2016

Southern California's tech industry appears to be seeing a bit of a mini IPO boom, with the latest IPO being San Diego's Airgain, which had its IPO on August 21st; another IPO filing, by Temple City-based Fulgent Genetics earlier this week; and a report that Venice-based Snapchat is out hiring an IPO banker. READ MORE>>.

Southern California

socalTECH

FEBRUARY 21, 2017

The upcoming IPO of Venice-based Snap , the parent company of Snapchat , is spurring a lot of local real estate agents, money managers, and luxury goods retailers excited to get a piece of the action, according to an article in the New York Times.

Services

socalTECH

MARCH 2, 2017

Venice-based Snap Inc. , the parent company of Snapchat , had a blockbuster debut in its first day as a public company, closing at $24.51 a share on the NYSE as SNAP, up 44.18% for the day. The company--which had priced its IPO at $17.00 last night--opened up the day at $23.50, and went as high as $26.05 in trading during the day.

Snapchat

socalTECH

MARCH 1, 2017

Who are the big winners after the IPO pricing of Venice, California-based Snap Inc. Lasky joined Snapchat's board in 2013. on Wednesday afternoon? Obviously, co-founders Evan Spiegel and Bobby Murphy both have instantly been catapulted into the ranks of billionaires, with a net worth of $3.58 billion in stock. READ MORE>>.

Southern California

socalTECH

MARCH 17, 2021

Venice, California-based Snap said on Wednesday that it has acquired Fit Analytics, which is developing machine learning technology which helps people figure out what clothing or shoes might fit them best. Financial terms of the acquisition were not announced. Fit Analytics is based in Berlin, and has around 100 employees.

Artificial Inteligence

socalTECH

MARCH 1, 2017

Venice, California-based Snap, Inc. billion for Snap, the company behind Snapchat , valuing the company at approximately $24 billion. has officially priced its IPO, saying on Wednesday afternoon that it will sell 200M shares of its common stock at $17.00 The IPO will raise $3.4 billion each.

Pricing

socalTECH

JANUARY 17, 2017

The IPO follows one of the most active IPO and mergers and acquisitions years for Southern California last year, in 2016, and comes ahead of an anticipated IPO announcement for Venice-based Snap, Inc. as early as Thursday. READ MORE>>.

Pricing

socalTECH

FEBRUARY 2, 2017

Venice, California-based Snap Inc. , the parent company of Snapchat , has filed for its much anticipated IPO, saying in a filing late Thursday that it is looking to raise up to $3.0 billion in an IPO offering on the New York Stock Exchange, under the symbol SNAP.

Class

socalTECH

MAY 21, 2019

Venice-based social media app developer Snap said late Monday that it has named a new Chief Financial Officer and Chief People Officer, in a shuffling of its executive staff. Sweet will continue to serve as Chief Accounting Officer until a replacement is named.

Social Media

socalTECH

FEBRUARY 28, 2017

Venice, California-based Snap --in what will be Southern California's biggest technology IPO, ever--is expected to price its IPO on Wednesday night, and start trading on Thursday morning. The company has set an estimated IPO offering range of between $14.00 and $16.00 per share, and is hoping to sell 200 million shares in its IPO.

Pricing

socalTECH

AUGUST 2, 2017

Venice, California-based Snap is reportedly looking to buy Chinese drone maker Zero Zero Robotics , the maker of the "Hover" selfie drone. According to The Information, Snap is looking to pay between $150M and $200M for Zero Zero Robotics. The deal apparently was denied by Zero Zero Robotics' CEO Meng Qui Wang. READ MORE>>.

Report

socalTECH

FEBRUARY 2, 2017

Among the massive trove of information in Venice, California-based Snap Inc. 's s IPO filing on Thursday is the tidbit that the company more than tripled its number of employees in the last year, going from 600 full time employees on December 31, 2015, to 1,859 as of December 31, 2016.

Santa Monica