Sign up to receive 5 free days of our daily summary for tech news.

Subscribe today for $299 ($100 discount) AND get guaranteed entry to our SF Subscriber Summit on 10/17. 

Discord Raises Another $150 Million

Gaming-focused chat service Discord has scored more capital. The company announced it recently raised $150 million at a roughly $2 billion valuation, a round led by Greenoaks Capital. This funding comes only months after it raised $50 million in the spring—a round that, itself, came less than a year after an earlier one. It has been a hot property. Earlier this year, we heard suitors had casually approached the company about a possible deal, but Discord wanted to remain independent.

Clearly, there is still  interest from investors. Additional money raised creates heightened expectations though. A few weeks ago, it rolled out a games stores widely, which is its first major attempt to generate revenue. While the company has built up a significant base of active users, it will increasingly be under pressure show investors the money. 

Related

0 Subscriber comments


Sign up for our weekly newsletter and 5 complimentary days of our daily tech news roundup.

Already a subscriber? Log in here