Discord Raises $100M in Funding, Doubling Its Valuation to $7B in 6 Months

by Gordon Gottsegen
December 21, 2020
Image: Discord

Although 2020 has kept many of us apart from our friends and family, chat platforms like Discord have been able to bring us together. And for that reason, the SF-based company has seen considerable growth this year.

Discord has just raised $100 million in new funding, according to a report by TechCrunch, which was later confirmed to Built In by the company. The report adds that this new funding is part of a $140 million Series H funding round that is still open, which means that the company could announce another $40 million in funding in the near future.

This new round reportedly brings Discord’s valuation to $7 billion, which is double what the company was worth when it raised a separate $100 million funding round in June.

Discord’s user count has also reportedly doubled this year, and now sits at 140 million active monthly users and around 800,000 downloads a day.

“We are humbled and honored by the growth we’ve seen among so many incredible and diverse communities that have made Discord their place to hang out,” co-founder and CEO Jason Citron said in a statement to Built In. “As we look to 2021, we are excited about what we have in store and plan to use this funding to help make Discord even better — both for our free service and our Nitro subscribers.”

Discord has become the go-to chat platform for gamers, but as its popularity grows, it’s being adopted by other communities and groups as well. The company has been pushing to broaden its appeal, and this new round of funding will help it do that.

“Games are what brought many of you on the platform, and we’ll always be grateful for that. As time passed, a lot of you realized, and vocalized, that you simply wanted a place designed to hang out and talk in the comfort of your own communities and friends,” Citron previously wrote in a blog post.

He continued, “It’s been a remarkable and humbling adventure to bring this experience to life. We’re thrilled to be able to take the magic of online games and bring it to the rest of the world: the power to create belonging.”

Also in San FranciscoWish Goes Public, Reddit Acquires Dubsmash, and More

Jobs at Discord

San Francisco startup guides

Top Software Engineer Jobs in San Francisco
Best Companies to Work for in San Francisco
Women in Tech: San Francisco Bay Area
Best Sales Jobs in San Francisco Bay Area