The clubhouse completes a new round of funding in which the app would be valued at $ 4 billion
© Reuters. FILE PHOTO: Illustration image of the Social Audio App Clubhouse
By Elizabeth Culliford
(Reuters) – The audio chat app Clubhouse has closed a new series of funding round, the company announced during 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.
According to the social media app, Andrew Chen’s new financing round was led by the venture capital firm Andreessen Horowitz with major investors such as DST Global, Tiger Global and Elad Gil.
Clubhouse and Andreessen Horowitz did not respond to inquiries about how much the funding round had raised.
The San Francisco-based company, whose app allows people to discuss various topics in audio chat rooms, has seen its popularity surge after appearances by billionaires Elon Musk and Mark Zuckerberg.
The success of the year-long invite-only platform that recently reported 10 million active users per week has shown the potential of audio chat services, especially as people stay in homes due to the COVID-19 pandemic.
Bloomberg said earlier this month Twitter Inc. (NYSE 🙂 was in discussions to buy a $ 4 billion audio app.
Tech website The information first reported details of the financing on Friday.
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