Chat platform Discord has raised $500m in a new funding round led by investment firm Dragoneer Investment Group, a company spokesperson said on Wednesday.
The deal values the company at about $15bn, Bloomberg News here had reported earlier. Discord declined to comment on the valuation.
Baillie Gifford & Co, Coatue Management, Fidelity Management & Research Co and Franklin Templeton also participated in the financing, alongside existing investors, the Discord spokesperson said.
Free Webinar: The Primary Step in Creating Value: How the Right Corporate Governance Can Drive Growth
- To what extend can the relationship between the GP and board impact the company?
- How can GPs ensure trickle down change in organisations?
- How can technology help bridge the gap between GPs and management boards?
Discord grew at a lightning pace during the COVID-19 pandemic and was first used by videogamers, though the app has now expanded across communities and for events ranging from comedy clubs to karaoke parties.
Reuters reported earlier this year that Microsoft was in talks to buy Discord for more than $10bn, with the talks ending in April.
Source: Reuters
Can’t stop reading? Read more
Hong Kong relaunches Capital Investment Entrant Scheme to attract global capital and family offices
Hong Kong relaunches Capital Investment Entrant Scheme to attract global capital and family...
Mérieux Equity Partners targets EU healthtech with €150m fund, starts with €6m deepull deal
Mérieux Equity Partners targets EU healthtech with €150m fund, starts with €6m deepull deal...
Apollo surpasses target with $5.4bn close for debut secondaries fund as liquidity demand surges
Apollo surpasses target with $5.4bn close for debut secondaries fund as liquidity demand surges...