Photo App Poparazzi Set To Reach $100 Million-Plus Valuation In Benchmark-Led Round Days After Launch
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Austen Ma and Alex Ma, TTYL s founders, are raising a big round for their new app Poparazzi.
Daniel Nguyen Photography / TTYL
Days after reaching the top of Apple’s App Store, Poparazzi and founders Alex and Austen Ma are set to raise funding from venture capitalist investors that will value the buzzy new photo sharing app at as much as $135 million just days after launch.
Benchmark is set to lead the new funding round in Poparazzi, multiple sources tell
Forbes, amid interest from a coterie of fellow consumer tech-minded firms whose partners have recently flocked onto the app. The Bay Area-based firm behind Snap, Twitter and Uber has committed to value Poparazzi at more than $100 million, the sources add, with one source saying Benchmark’s offer could invest $13.5 million for 10% of Poparazzi. The round is expected to close at between $