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.

Anthony Garreffa | Feb 25, 2014 at 9:23 am CST

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.

WhatsApp was valued at just $1.5 billion in final round of funding | TweakTown.com

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.

Last updated: Jun 16, 2020 at 04:29 pm CDT

NEWS SOURCE:techcrunch.com

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.