Discord valuation has doubled to $7bn

Date Type Companies involved Size
December 18th, 2020 investment Discord $100m
Discord valuation has doubled to $7bn

Communications platform Discord has been valued at a huge $7bn in a new funding round.

That's according to Techcrunch, which reports that the company is trying to raise up to $100 million in its Series H funding round. This follows Discord raising $100 million in June to expand beyond games, at the time being reportedly valued at $3.5bn. The firm apparently has 140 million monthly active users now, double the figure it boasted the last year.

This latest round of funding was led by Greenoaks Capital, with Index Ventures also taking part.

“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,” Discord co-founder and CEO Jason Citron (pictured) said.

“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.”

Greenoaks founder and managing partner Neil Mehta added: “Discord is the best place to gather with your communities, whether to play video games, swap recipes, or collaborate on a project. We believe Discord will evolve and grow alongside the endless innovation in the ways people interact, ultimately connecting billions of people around the world. We are lucky to continue our long-term partnership with Jason, Stan and the entire Discord team.”

Since its launch in 2015, Discord has attracted more than 250 million users.

PCGamesInsider Contributing Editor

Alex Calvin is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he joined Steel Media as the editor for new site In October 2019 he left this full-time position at the company but still contributes to the site on a daily basis. He has also written for, VGC, Games London, The Observer/Guardian and Esquire UK.