Snapchat raised $1.8 billion in its latest fundraising round, as details of its financial performance were reported.

The new funding was disclosed in an SEC filing.

According to TechCrunch, which cited a pitch deck for potential investors, the company brought in $59 million in revenue in 2015, with the app maker only ramping up monetisation efforts towards the end of the year.

Snapchat estimates its revenue this year will be between $250 to $350 million and may go up to $1 billion next year.

The report estimates the company’s valuation to be around $20 billion.

The deck also revealed that Snapchat had 110 million daily active users as of December, a substantial increase from 74 million a year before.

This adds to the impressive metric of 10 billion video views a day, an increase of 350 per cent in the last year, which the firm has previously revealed.

TechCrunch said that investors in the current round included Sequoia Capital, Coatue Management and Fidelity, with $1.2 billion of the total secured in the last five months.

In March, Snapchat raised $175 million in funding from Fidelity Investments, valuing the messaging company at $16 billion, the same as a year ago.

Back then, the Wall Street Journal said “Snapchat’s inability to raise funds at a higher valuation than a year ago may be a sign investors have grown more cautious about the company’s prospects”.

Since then, Snapchat has upped its game, launching ‘Chat 2.0’, which includes support for video and audio calls, audio notes and stickers, and acquiring Bitstrips, a company known for its customisable emojis.