Chat App Discord Is Close To A $7 Billion Valuation—Roughly Doubling In Value In Less Than A Year

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Discord could close a new funding round before the end of the year, targeting an approximately $7 billion valuation, a source familiar with the matter says by abebrown716

Discord could close a new funding round before the end of the year, targeting an approximately $7 billion valuation, a source familiar with the matter says.

Discord has seen a spike in popularity as the world has endured coronavirus lockdown. The chat app resembles a blend of Slack and Reddit with free text-, voice- and video-messaging features. Through June, Discord had 300 million registered users, quadruple the number from two years ago. Monthly active users, meanwhile, had reached about 100 million, a 50% rise in a year.

 

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