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Chat app Discord raises $500 million in new funding

Discord grew at a lightning pace during the COVID-19 pandemic and was first used by video gamers, though the app has now expanded across communities and for events ranging from comedy clubs to karaoke parties.

September 16, 2021 04:18 pm | Updated 05:30 pm IST

Reuters
The deal values the company at about $15 billion.

The deal values the company at about $15 billion.

Chat platform Discord has raised $500 million in a new funding round led by investment firm Dragoneer Investment Group, a company spokesperson said on Wednesday.

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The deal values the company at about $15 billion, Bloomberg News 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.

Also Read | PlayStation and Discord to partner for social gaming

Discord grew at a lightning pace during the COVID-19 pandemic and was first used by video gamers, 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 $10 billion, with the talks ending in April.

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