Total amount raised
$995.4 Millions
Latest funding date
Location
Discord has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform is a versatile communication tool, offering voice, video, and text services for various communities.
Keep reading to explore the intricacies of Discord's fundraising journey and the investors backing this innovative platform.
What Is Discord?
Founded in 2015 by Jason Citron and Stanislav Vishnevskiy, Discord is a versatile communication platform based in San Francisco, California. The company offers voice, video, and text services, initially targeting gamers but now serving a wide range of communities.
With a workforce of 501-1000 employees, Discord has grown significantly since its inception. The platform is known for its user-friendly interface and robust features, including custom emojis, stickers, and high-quality streaming.
Discord continues to innovate, providing tools for community building and seamless communication. The company's headquarters remain in San Francisco, reflecting its roots in the tech-savvy culture of the Bay Area.
How Much Funding Has Discord Raised?
- Series G
- Amount Raised: $100M
- Date: June 2020
- Lead Investors: Index Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support platform growth and enhance user experience.
- Series H
- Amount Raised: $100M
- Date: December 2020
- Lead Investors: Greenoaks
- Valuation at Round: $7 billion
- Motivation Behind the Round: To expand features and improve infrastructure.
- Secondary Market
- Amount Raised: $3.3M
- Date: February 2021
- Lead Investors: Sony Interactive Entertainment
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen integration with PlayStation Network.
- Series H
- Amount Raised: $500M
- Date: September 2021
- Lead Investors: Dragoneer Investment Group
- Valuation at Round: $15 billion
- Motivation Behind the Round: To support growth and expand user base beyond gamers.
- Secondary Market
- Amount Raised: SEK19M
- Date: March 2022
- Lead Investors: Flat Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance platform capabilities and reach.
- Secondary Market
- Amount Raised: $10.9M
- Date: March 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing platform development.
- Series I
- Amount Raised: Not publicly disclosed
- Date: November 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling and improving user experience.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: March 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To maintain growth and expand service offerings.
Total Amount Raised: $714.2M
Current Valuation: $15 billion
Key Investors
- Dragoneer Investment Group
- Details: Dragoneer Investment Group is a San Francisco-based investment firm known for its focus on high-growth companies. They led the $500 million funding round for Discord in September 2021.
- Investment Focus Areas: Technology, consumer, healthcare.
- Notable Investments: Airbnb, Uber, Snowflake.
- Baillie Gifford & Co
- Details: Baillie Gifford & Co is a global investment management firm headquartered in Edinburgh, Scotland. They participated in the $500 million funding round for Discord.
- Investment Focus Areas: Technology, healthcare, consumer goods.
- Notable Investments: Tesla, Amazon, Alibaba.
- Coatue Management
- Details: Coatue Management is a global investment firm that focuses on technology, media, and telecommunications. They were part of the $500 million funding round for Discord.
- Investment Focus Areas: Technology, media, telecommunications.
- Notable Investments: Snap, ByteDance, DoorDash.
- Fidelity Management & Research Co
- Details: Fidelity Management & Research Co is a multinational financial services corporation based in Boston, Massachusetts. They participated in the $500 million funding round for Discord.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Google, Facebook, Apple.
- Franklin Templeton
- Details: Franklin Templeton is a global investment management organization headquartered in San Mateo, California. They were part of the $500 million funding round for Discord.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Microsoft, Amazon, Alphabet.
What's Next for Discord?
Discord's future looks promising with opportunities to expand beyond its gaming roots. The recent $500 million funding round, led by Dragoneer Investment Group, positions the platform to explore new communities and events, such as comedy clubs and karaoke parties. This substantial capital injection, coupled with a $15 billion valuation, underscores the vast market potential and investor confidence.
Future fundraising seems likely, given the strong interest from major investment firms. An initial public offering (IPO) could be on the horizon, further boosting Discord's financial capabilities. However, challenges remain, including competition from other communication platforms and addressing regulatory concerns. Maintaining user growth and platform security will be crucial as Discord continues to innovate and expand.
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