Chat Service Discord Doubles Valuation To $7 Billion
By : Marc Vartabedian
Source : The Wall Street Journal
Chat startup Discord Inc. roughly doubled its valuation to $7 billion in a financing that comes amid the service’s efforts to expand its user base beyond videogamers.
The San Francisco-based company said it raised $100 million in a funding round led by venture-capital firm Greenoaks Capital, which was already an investor in the company.
Discord makes voice- and text-communication software that is popular among computer and mobile gamers because it allows them to hang out and talk with their friends and communities. The service’s rise coincides with the explosion in popularity and valuation of online multiplayer games such as Epic Games Inc.’s “Fortnite.”