Total amount raised
$110 Millions
Latest funding date
Location
Clubhouse has successfully navigated multiple funding rounds, including a Series C, attracting significant interest from investors. The platform offers a unique space for casual, drop-in audio conversations, connecting users worldwide.
Keep reading to delve into the details of Clubhouse's funding journey and the notable investors supporting this innovative social app.
What Is Clubhouse?
Clubhouse, founded on March 15, 2020, is an audio-based social app that allows users to join group chats spontaneously. The platform is designed for casual, drop-in audio conversations with friends and interesting people worldwide.
Based in San Francisco, California, Clubhouse was created by Paul Davison and Rohan Seth. The company operates under Alpha Exploration Co.
With a team of 11-50 employees, Clubhouse emphasizes genuine social connections over follower counts, aligning with its slogan "friends over followers."
How Much Funding Has Clubhouse Raised?
- Series A
- Amount Raised: $10M
- Date: May 2020
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the platform and expand its user base.
- Series B
- Amount Raised: $100M
- Date: January 2021
- Lead Investors: Andreessen Horowitz
- Valuation at Round: $1.33 billion
- Motivation Behind the Round: To scale the team and infrastructure to support rapid growth.
- Series B
- Amount Raised: Not publicly disclosed
- Date: May 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue expanding the platform and user engagement.
- Series C
- Amount Raised: Not publicly disclosed
- Date: April 2021
- Lead Investors: Andreessen Horowitz, Tiger Global Management
- Valuation at Round: $4 billion
- Motivation Behind the Round: To scale the team, support international growth, and invest in new features.
- Series C
- Amount Raised: Not publicly disclosed
- Date: June 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further enhance platform capabilities and user experience.
Clubhouse has raised a total of $110M with a current valuation of $4 billion.
Key Investors
- Andreessen Horowitz
- Details: Andreessen Horowitz is a private venture capital firm known for investing in both early-stage startups and established growth companies. The firm was founded by Marc Andreessen and Ben Horowitz.
- Investment Focus Areas: Technology, internet, software.
- Notable Investments: Facebook, Twitter, Airbnb.
- Tiger Global Management
- Details: Tiger Global Management is an investment firm that focuses on public and private companies in the global Internet, software, consumer, and financial technology industries. The firm was founded in 2001 by Chase Coleman III.
- Investment Focus Areas: Global internet, software, consumer, financial technology.
- Notable Investments: Facebook, LinkedIn, Spotify.
- DST Global
- Details: DST Global is a global investment firm that typically invests in late-stage technology companies. It was founded by Yuri Milner.
- Investment Focus Areas: Late-stage internet companies.
- Notable Investments: Facebook, Alibaba, Spotify.
- Elad Gil
- Details: Elad Gil is an angel investor and entrepreneur known for his early-stage investments in technology startups. He has a background in both startups and large tech companies.
- Investment Focus Areas: Early-stage technology startups.
- Notable Investments: Airbnb, Pinterest, Square.
- 10X Capital
- Details: 10X Capital is a venture capital firm that invests in high-growth technology companies. The firm aims to support companies through various stages of growth.
- Investment Focus Areas: High-growth technology companies.
- Notable Investments: Not publicly disclosed.
What's Next for Clubhouse?
Clubhouse stands at the cusp of significant opportunities, driven by its rapid growth and high-profile user base. With 10 million weekly users and a $4 billion valuation, the platform is poised to scale its team, expand internationally, and invest in new features like localization and accessibility. The launch of the Creator First accelerator program aims to support content creators, further enhancing user engagement and platform appeal.
Future fundraising appears promising, given the strong investor confidence and market potential. However, Clubhouse faces challenges from competitors like Facebook and Twitter, who are developing similar audio features. Maintaining user engagement and managing content moderation will be crucial as the platform continues to grow.
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