Clubhouse closes new spherical of funding that will worth app at $4 billion

© Reuters. FILE PHOTO: Illustration image of social audio app Clubhouse By Elizabeth Culliford (Reuters) – Audio-chat app Clubhouse closed a brand new Sequence C spherical of financing, the corporate stated throughout its weekly city corridor on Sunday, with out disclosing the quantity raised. A supply acquainted with the matter confirmed to Reuters that the



© Reuters. FILE PHOTO: Illustration image of social audio app Clubhouse

By Elizabeth Culliford

(Reuters) – Audio-chat app Clubhouse closed a brand new Sequence C spherical of financing, the corporate stated throughout its weekly city corridor on Sunday, with out disclosing the quantity raised.

A supply acquainted with the matter confirmed to Reuters that the brand new financing would worth the corporate at $4 billion.

The social media app stated the brand new spherical of financing was led by Andrew Chen of enterprise capital agency Andreessen Horowitz with main buyers like DST World, Tiger World and Elad Gil.

Clubhouse and Andreessen Horowitz didn’t reply to requests for the way a lot the funding spherical raised.

The San Francisco-based firm, whose app permits folks to debate diversified matters in audio chatrooms, has seen its recognition surge after appearances by billionaires Elon Musk and Mark Zuckerberg.

The success of the invite-only, year-old platform, which lately reported 10 million weekly lively customers, has demonstrated the potential of audio chat providers, notably as folks keep inside houses because of the COVID-19 pandemic.

Bloomberg earlier this month stated Twitter Inc (NYSE:) was in discussions to purchase audio app at a $4 billion valuation.

Tech web site The Info first reported particulars on the funding on Friday.

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