WhatsApp, a messaging app that’s used by nearly half of the world’s population, said Thursday that it has received a $1.5bn funding round led by the US-based private equity firm Andreessen Horowitz.
The round, led by Andreessen, has raised an undisclosed amount of money from a group of investors including SoftBank Group Corp., China’s Alibaba Group Holding Ltd.
and Singapore-based Qihoo 360.
It will allow the company to further expand its reach in Asia, the company said.
Shares in WhatsApp rose 0.8% to $1,260.62 in New York.