Loading Posts...

Discord Secures $100M Financing Round at a $7B Valuation – The Esports Observer

Messaging and VoIP platform Discord raised s $100M USD Series H investment led by existing investor Greenoaks Capital. The funding was raised at a $7B valuation, doubling its $3.55B valuation at which the company raised its previous $100M Series G investment round at the end of June.

Discord’s most recent amended and restated certificate of incorporation lists a total of 499,554 Series H Preferred Stock were issued at a stock price of $280.25, suggesting that the Series H round is still open. If all issued Series H shares get subscribed, Discord will raise a total of $140M in the Series H round.

The investment proceeds will be used to continue improving Discord’s services for its free and premium users. The app currently has more than 140M monthly active users.


Source link

Avatar

Esports Observer

The Esports Observer is the world’s leading source for essential esports business news and insights. As the esports business authority of the western world, TEO enables companies to make informed decisions for their business. We offer a comprehensive industry database covering entities from personalities to companies and games, real-time business intelligence, and insight reports. Through TEO’s business conferences and events, we connect industries and individuals alike. Our ultimate goal is to increase transparency and foster growth in the industry we love: esports.

Leave a Comment