Home Stock Market Clubhouse that ends a new round of fundraising can value the app...

Clubhouse that ends a new round of fundraising can value the app at $ 4 billion

© Reuters. FILE PHOTO: Illustrative image of Clubhouse social audio application

By Elizabeth Culliford

(Reuters) – Audio chat app Clubhouse ended its new Series C funding round, the company said in its weekly town hall on Sunday, without disclosing the amount raised.

A source familiar with the matter confirmed to Reuters that the new funding would value the company at $ 4 billion.

The new funding round is led by Andrew Chen of venture capital firm Andreessen Horowitz with major investors like DST Global, Tiger Global and Elad Gil.

Clubhouse and Andreessen Horowitz did not respond to requests for the amount of funds raised by the funding round.

The San Francisco-based company, which had apps allowing people to discuss various topics in audio chat rooms, saw its popularity after billionaires Elon Musk and Mark Zuckerberg appeared.

The success of the long-standing invite-only platform, which recently reported 10 million weekly active users, has demonstrated the potential of audio chat services, especially when everyone is inside. home due to the COVID-19 pandemic.

Bloomberg earlier this month said Twitter Inc (NYSE 🙂 is in discussion to buy the audio app with a valuation of $ 4 billion.

Tech website The Information first reported details of the grant on Friday.

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