Chat Startup Discord Tops $2 Billion Valuation – WSJ.
Discord Inc., which makes chat software popular among videogame players, said it is now valued at $2.05 billion after a new funding round, the startup’s second this year as it expands its footprint into sales and subscriptions in the fast-growing game industry.
The San Francisco company filed paperwork Friday to raise $150 million. Greenoaks Capital, which counts the stock-trading app Robinhood Markets Inc. and the construction startup Katerra Inc. among its investments, was the lead investor in the round, the firm and Discord said.
No existing holders are selling shares in the fundraising, Chief Executive Jason Citron said in an interview. Discord previously raised about $50 million in April which nearly doubled its valuation at the time to $1.65 billion.
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The company faces a number of competitors, including TeamSpeak and Mumble. It hasn’t yet turned a profit, the company said.
Still, Discord counts approximately 200 million users—more than quadruple what it had a year ago.
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