Tech content trusted by users in North America and around the world
6,726 Reviews & Articles | 46,159 News Posts
TRENDING NOW: AMD's dual Fiji chip spotted as Radeon R9 Gemini, is this the Fury X2?

WhatsApp was valued at just $1.5 billion in final round of funding

WhatsApp was valued at far less than its Facebook purchased price of $16 billion in its last round of funding (NASDAQ:FB)
| Business, Financial & Legal News | Posted: Feb 25, 2014 3:23 pm

When Facebook pushed its offer of $16 billion onto the table to acquire WhatsApp, the company's founders would've had their hearts drop - in utter surprise because its last funding round had them pegged at a value of around $1.5 billion.




In WhatsApp final round of funding, which took place in July last year, it secured $52 million from a valuation of around $1.5 billion. WhatsApp grew exponentially between July 2013 and just a few days ago when it was acquired by Facebook for $16 billion in stocks and cash. The sole investor in WhatsApp, Sequoia, owned around 20% of the company, which is now worth a cool $3 billion.


At $3 billion, Sequoia has seen an amazing 50x return in its investment in WhatsApp... something that nobody could complain about, that's for sure.


Related Tags

Got an opinion on this news? Post a comment below!
Subscribe to our Newsletter

Latest News Posts

View More News Posts

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases