UK Car Lending

Clubhouse closes new round of funding that would value app at $ 4 billion



By Elizabeth Culliford

(Reuters) – The Clubhouse audio chat app has closed a new round of Series C funding, the company said at its weekly town hall on Sunday, without disclosing the amount raised.

A source familiar with the matter confirmed to Reuters that the new financing would value the company at $ 4 billion.

The social media app said the new round of funding was being led by Andrew Chen of venture capital firm Andreessen Horowitz with big investors like DST Global, Tiger Global and Elad Gil.

Clubhouse and Andreessen Horowitz did not respond to inquiries regarding the amount of the fundraiser.

The San Francisco-based company, whose app allows people to discuss a variety of topics in audio chat rooms, saw its popularity rise after appearances by billionaires Elon Musk and Mark Zuckerberg.

The success of the year-old invite-only platform, which recently reported 10 million weekly active users, demonstrated the potential of audio chat services, especially when people stay inside. their home due to the COVID-19 pandemic.

Bloomberg said earlier this month that Twitter Inc. was in talks to buy an audio app worth $ 4 billion.

The Tech The Information website first posted funding details on Friday.

(Reporting by Elizabeth Culliford in New York and Radhika Anilkumar in Bengaluru; Editing by Lisa Shumaker)



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