Home Stock Clubhouse ended its new funding round, with a reported valuation of close...

Clubhouse ended its new funding round, with a reported valuation of close to $ 4 billion


The Clubhouse audio-based social network that ended a funding round reportedly valued the company at around $ 4 billion.

In a blog post on Sunday, Clubhouse said it has ended its new Series C sponsorship round, although it has not disclosed the amount.

Reuters and Bloomberg News both reported that the new grant valued the company at around $ 4 billion, citing sources familiar with the matter.

Clubhouse ended its Series B sponsorship round in January. “Since then, we’ve grown faster than expected,” said Clubhouse in its blog post. “Although we’ve quadrupled our team size this year, stabilized our infrastructure, launched Payments in beta to help creators monetize and get Android ready, they I have more work to do to bring Clubhouse to more people in the world. “

The San Francisco-based company says the new funding will go to support international growth, invest in accessibility features and scale up support and community groups, among other things. other.

Investors include DST Global, Tiger Global and entrepreneur Elad Gil, and are led by Andrew Chen at a16z, Clubhouse said.

The invitation-only app launched less than a year ago and has seen the number of members skyrocket. Some rival companies, including Twitter Inc.
TWTR,
-2.22%
,
Facebook Inc.
FB,
-0.53%
,
From Microsoft Corp.
MSFT,
+ 0.48%

LinkedIn and Salesforce.com’s
CRM,
-0.47%

Slack is said to be working on similar features for their software.

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