Discord Raises $500 Million in New Funding, Now Reportedly Valued at $15 Billion

Discord has raised $500 million (roughly Rs. 3,680 cores) in a brand new funding spherical led by funding agency Dragoneer Funding Group, an organization spokesperson stated.

The deal values the corporate at about $15 billion (roughly Rs. 1,10,160 crores), Bloomberg Information had reported earlier. Discord declined to touch upon the valuation.

Baillie Gifford & Co, Coatue Administration, Constancy Administration & Analysis, and Franklin Templeton additionally participated within the financing, alongside present traders, the Discord spokesperson stated.

Discord grew at a lightning tempo through the COVID-19 pandemic and was first utilized by videogamers, although the app has now expanded throughout communities and for occasions starting from comedy golf equipment to karaoke events.

Reuters reported earlier this 12 months that Microsoft was in talks to purchase Discord for greater than $10 billion (roughly Rs. 73,440 crores), with the talks ending in April.

© Thomson Reuters 2021

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