Discord has raised a total of $995.4 million across 16 funding rounds, with its largest being a $500 million Series H round in September 2021. The San Francisco-based communication platform offers voice, video, and text services, initially targeting gamers but now serving a wide range of communities. Discord continues to innovate, providing tools for community building and seamless communication.
Keep reading to explore Discord's funding journey, key investors, and what's next for this innovative platform.
What Is Discord and What Does It Do?
Founded in 2015 by Jason Citron and Stanislav Vishnevskiy, Discord is headquartered in San Francisco, California, United States. 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 renowned for its user-friendly interface and robust features, including custom emojis, stickers, and high-quality streaming capabilities.
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
- Motivation: 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: To expand features and improve infrastructure.
- Secondary Market
- Amount Raised: $3.3M
- Date: February 2021
- Lead Investors: Sony Interactive Entertainment
- Motivation: 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: To support growth and expand the user base beyond gamers.
- Secondary Market
- Amount Raised: SEK19M
- Date: March 2022
- Lead Investors: Flat Capital
- Motivation: To enhance platform capabilities and reach.
- Secondary Market
- Amount Raised: $10.9M
- Date: March 2022
- Motivation: To support ongoing platform development.
Total Amount Raised: $995.4M
Current Valuation: $15B
Latest Funding Date: September 2021
Key Investors
- Dragoneer Investment Group
- Details: Dragoneer Investment Group is a San Francisco-based investment firm specializing in high-growth companies. They led the $500 million funding round for Discord in September 2021.
- Investment Focus Areas: Technology, consumer, and 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 specializing in 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, and 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, and financial services.
- Notable Investments: Microsoft, Amazon, Alphabet.
Where Is Discord's Headquarters?
Discord is headquartered in San Francisco, California, United States, providing access to top tech talent, research institutions, and enterprise partners. Its global expansion enables collaboration with leading technology firms, research centers, and enterprise clients to advance the development of innovative communication solutions.
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 its services.
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