Tuesday, December 1, 2020

Discord is close to closing a round that would value the company at up to $7B

 
Image Credits: Discord

Jonathan Shieber
Tech Crunch

Discord, the communications service that’s become the 21st century’s answer to MUD rooms, is close to closing a new round of financing that would value the company at up to $7 billion, according to sources with knowledge of the round.

The new funding comes just months after a $100 million investment that gave the company a $3.5 billion valuation. Discord’s doubling in corporate value comes as the persistent, inept, American response to the COVID-19 pandemic continues to accelerate the adoption and growth of businesses creating virtual social networking opportunities.

Those opportunities are apparent in Discord’s explosive growth. Monthly active users have almost doubled to 120 million this year and the company has seen 800,000 downloads a day thanks, in part, to the wildly popular game Among Us.  Read more >>