Snapchat aiming to raise as much as $4 billion, Techstars launches third L.A. accelerator program, and Super League Gaming raises $5 million.

Snapchat Aiming to Raise As Much as $4 Billion

Snapchat is aiming to raise as much as $4 billion in its initial public offering of its stock, according to anonymous sources reported by Bloomberg. The IPO could value Snapchat at $25 billion to $35 billion, said several sources.

Techstars Launches Third L.A. Accelerator Program

Techstars has launched a general purpose accelerator in Los Angeles, its third accelerator program in the city, including Techstars Healthcare Accelerator, and Techstars Music, reports Built in LA. The program will accept applications in starting January and sessions will commence in the summer of 2017.

Super League Gaming Raises $5 Million

Recreational e-sports organizer Super League Gaming has raised $5 million Series C round from Toba Capital and aXiomatic, reports Venture Beat. The company organizes Minecraft video game tournaments for school children at movie theaters across the country.

Technology reporter Garrett Reim can be reached at greim@labusinessjournal.com. Follow @garrettreim on Twitter for the latest in L.A. tech news.

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