Discord May Secure a $7 Billion USD Valuation

The company will have doubled its corporate value in just a few months, up from $3.5 billion USD in June.

By
Gaming
4,417 Hypes 5 Comments

The voice chat platform Discord has nearly secured a $7 billion USD valuation, thanks to a new round of funding, according to sources with knowledge of the move. And if this comes to pass, the company will have doubled its corporate value in just a few months; a $100 million USD investment in June brought Discord a $3.5 billion USD valuation.

While other industries have struggled to adapt to changes in consumer habits in light of the COVID-19 pandemic, stay-at-home orders have been a boon for virtual social networking platforms and the gaming industry. And Discord, which sits between these two pillars, has reaped the benefits. TechCrunch reports that monthly active users on the platform this year have risen to almost 120 million and downloads hover around 800,000 a day.

Discord has also revealed ambitions to expand its reach beyond the gaming community. In a blog post in July, the company announced plans to streamline functionality with pre-made templates for new servers. Discord also altered its homepage to less gaming-specific branding, emphasizing its “Your place to talk” tagline with only one mention of gaming.

Curious about what a billion-dollar valuation really means? HYPEBEAST examined how these are calculated and whether it really does just come down to hype.

Read Full Article

What to Read Next

Louis Vuitton Launches Sneaker With (RED) to Raise Money for AIDS Fund
Footwear

Louis Vuitton Launches Sneaker With (RED) to Raise Money for AIDS Fund

Dropping on World AIDS Day.

Antihero x Supreme Fall/Winter 2020 Collection
Fashion

Antihero x Supreme Fall/Winter 2020 Collection

Two titans of skateboarding reunite for “ATMOSPHERE URINE.”

Naran Automotive's 1,048 HP Four-Seater Hypercar Is So Bespoke, You Name It Yourself
Automotive

Naran Automotive's 1,048 HP Four-Seater Hypercar Is So Bespoke, You Name It Yourself

0-60 MPH is hit in under 2.3 seconds, and it will go onto a top speed of 230+ MPH.


Cannabis Brand Burb Launches Comfort Collection Made From Hemp
Fashion 

Cannabis Brand Burb Launches Comfort Collection Made From Hemp

Presented by Burb
A series of basics that go beyond lounging.

adidas Ultra4D Sports Galactic NASA-Themed "Halo Silver" Makeover
Footwear

adidas Ultra4D Sports Galactic NASA-Themed "Halo Silver" Makeover

Complete with a gray-toned 4D sole unit.

HOKA ONE ONE Goes for Gold With Latest Capsule
Footwear

HOKA ONE ONE Goes for Gold With Latest Capsule

Golden iterations of three popular silhouettes.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Adblock Detected.

We charge advertisers instead of our readers. If you enjoy our content, please add us to your adblocker's whitelist. We'd really appreciated it.