A new fundraiser that valued the app at $ 4 billion

The clubhouse application launched in 2020 during the health crisis continues to be discussed. As a reminder, this allows users to chat in rooms using the audio format. And although the app is currently only available by invitation and only on iOS, it is already very popular.

The clubhouse is so popular that Facebook took its inspiration from it. And for a few months now, Twitter has also been testing an equivalent of this app called Spaces.

Thanks to a new fundraising campaign, Clubhouse is now better equipped to welcome more users and to face the increasing number of competitors. At the same time, the rating would have quadrupled.

Fundraising that the clubhouse can use to move up a gear

After rumors circulated on the matter, Clubhouse confirmed the news in a blog post. “Although we’ve quadrupled the size of our team this year, stabilized our infrastructure, launched Payments in beta to help developers monetize, and prepared Android for launch, there is still a long way to go Clubhouse to make more people around the world. It’s no secret that our servers have had a bit of trouble in the last few months and that our growth has exceeded the first detection algorithms originally developed by our small team, ”states this post.

“With that in mind, we are pleased to announce that we have completed a new Series C funding round – led by Andrew Chen at a16z, with leading investors DST Global, Tiger Global and Elad Gil,” the company added.

This new fundraiser allows Clubhouse to expand its team to accelerate its growth, invest in new features, offer new recommendation algorithms, and offer new developer monetization options. The news comes because Clubhouse has just launched an initial program that is limited to a few developers and allows them to generate income.

A $ 4 billion company?

Unfortunately, the company does not disclose the amount it has collected. However, according to a Business Insider article, Clubhouse received more than the $ 100 million it raised in the preliminary round. On the other hand, the valuation of this company would have risen from $ 1 billion to $ 4 billion.

Note that $ 4 billion would also be the amount Twitter would have suggested for acquiring Clubhouse. According to a Bloomberg article, the two companies have discussed a possible acquisition. Ultimately, however, these discussions would not have been successful.

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