<p>Now with more than 60 million photo messages sent each day, Snapchat has recently managed to secure $13.5 million in venture financing, reports The New York Times.</p><p>This round of funding, led by Benchmark Capital, effectively values the startup behind the popular photo messaging app at $60 million to $70 million. That's quite an impressive valuation, considering that Snapchat is not yet in the business of making money.</p><p>Launched for iPhone nearly two years ago, Snapchat is billed as a real-time picture chatting app. Although updated in December last year with video capability, Snapchat remains popular for its "self-destructing" photo messaging feature.</p><p>With Snapchat, you take or load a photo, specify how long you want it to be viewed (up to 10 seconds only), and send it privately to your friends.</p><p><a href="http://appadvice.com/appnn/2013/02/self-destructing-photo-messaging-app-snapchat-gains-traction-and-funding">Keep reading...</a></p><p>Read also:</p><p><a href="http://socialnewsdaily.com/8556/snapchat-passes-60-million-messages-per-day-raises-13-5m-in-series-a-funding/">Snapchat Passes 60 Million Messages Per Day, Raises $ 13.5M In Series A ...</a> (Social News Daily)</p><p><a href="http://techcrunch.com/2013/02/08/snapchat-raises-13-5m-series-a-led-by-benchmark-now-sees-60m-snaps-sent-per-day/">Snapchat Raises $ 13.5M Series A Led By Benchmark, Now Sees 60M Snaps ...</a> (TechCrunch)</p><p>Explore: <a href="http://news.google.com/news/more?ncl=dBZUEcZb2r8w4XMZPCIrQBnkid-nM&ned=us">5 additional articles.</a></p>