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    Home»Sections»Broadcasting and Media»Discord valuation is said to reach $15-billion

    Discord valuation is said to reach $15-billion

    Broadcasting and Media By Agency Staff25 August 2021
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    Dragoneer Investment Group is expected to lead an investment that would value popular videogame chat platform Discord at about US$15-billion, according to people familiar with the matter.

    The round is expected to include participation by several existing investors, said the people, who asked not to be identified because the information was private. The financing is set to raise at least $500-million, one of the people said.

    The investment hasn’t been finalised and the details could still change, the people said.

    Discord, which was last valued at $7-billion in a financing round last year, has more than 150 million monthly active users

    A representative for Discord declined to comment. A spokesman for Dragoneer didn’t immediately respond to a request for comment.

    Discord, which was last valued at $7-billion in a financing round last year, says it has more than 150 million monthly active users who visit its platform for voice, video and text communications. Its users have expanded beyond its core gaming community to schools and social groups.

    Suitors

    Its strong growth has attracted attention from potential suitors. The business spurned buyer interest from Microsoft, which would have paid at least $12-billion for it. The company has also held discussions with Epic Games and Amazon.com.

    Discord founders Jason Citron and Stan Vishnevskiy launched the business in 2015 and have since received backing from venture firms including Accel, Spark Capital, Benchmark, Index Ventures, General Catalyst and Greylock Partners.  — Reported by Katie Roof, (c) 2021 Bloomberg LP

    Amazon Discord Epic Games Jason Citron Microsoft Stan Vishnevskiy
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