Discord raises $500 Million at $15 Billion Valuation for Tech Industry

Discord is the platform for IP telephony, instant messaging, and digital distribution. Its clients have an opportunity to communicate with each other via voice and video calls, as well as sending text, documents in private chats. Discord can be used on any platform – Windows, iOS, macOS, Android, Linux.

The new funding round was led by Dragoneer Investment Group. Along with them Baillie Gifford, Coatue Management, Fidelity Management, and Research, and Franklin Templeton participated in the round. The raised fundings doubled the valuation of the company since 2020. At the beginning of 2020, the Discord was valued at $3.5 billion, while at the end of the year the valuation increases twice up to $7 billion.

Discord was released in 2015 by Jason Citron (now – CEO) and Stanislav Vishnevsky. Before launching the app Jason Citron founded OpenFeint, and Stanislav Vishnevsky founded Guildwork. Both are gaming platforms. With the money for selling OpenFeint in 2011, Jason Citron founded Hammer&Chisel, and in 4 years Discord was developed. Now, the company’s headquarter is in San Francisco and has more than 150 million active users in a month. The company does not use the ad as a source of earning money, but it offers a subscription plan for video quality improvements and other features.

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