Funding round
Discord Growth
Reported as "Growth Equity"
Discord, which works in communication platform development in San Francisco, raised $50M in a Growth round announced on 7 Jun 2017. 5 firms took part. It is Discord's first venture round on record.
$50M
Amount raised
Not disclosed
Post-money valuation
5
Investors
no lead named
Valuation
What this round says about the price
Discord did not disclose a valuation in this round. It is Discord's first venture round on record, 5 years after it was founded in 2012. It is 5.3% of the $950M Discord has raised in the venture rounds on record. Discord raised again 10 months later: a Growth round of $50M in Apr 2018, at $1.65B post-money.
Discord's funding rounds
Discord has 6 venture rounds on record and 1 other deal. This one is highlighted.
- Other not a venture round 26 Jan 2016, led by Greylock Partners $20M
- Growth this round 7 Jun 2017 $50M
- Growth 20 Apr 2018 $50M$1.65B post-money
- Growth 21 Dec 2018, led by Greenoaks $150M$2.05B post-money
- Series D 30 Jun 2020 $100M$3.50B post-money
- Series H+ 25 Nov 2020, led by Greenoaks $100M$7.00B post-money
- Series H+ 9 Sep 2021, led by Dragoneer Investment Group $500M$15.00B post-money
Investors
Who put money in
5 firms took part; no lead investor was named.
Investors
- Index Ventures backs 353 venture-backed companies new investor
- Institutional Venture Partners backs 109 venture-backed companies new investor
- Spark Capital backs 234 venture-backed companies new investor
- Greylock Partners backs 190 venture-backed companies new investor
- Benchmark new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion.
- Geographic expansion
Comparable rounds
How it compares
113 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $40M, and this round was 1.3 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 19 Jun 2017 | $150M | not disclosed | Boston Ventures |
| Tech Companies | 22 Jun 2017 | $50M | $160M | New Enterprise Associates |
| Tech Companies | 23 Jun 2017 | $45M | not disclosed | QMS Capital |
| Tech Companies | 15 Jun 2017 | $40M | $300M | Future Fund |
| Tech Companies | 31 May 2017 | $1.13B | not disclosed | HGGC |
| Tech Companies | 13 Jul 2017 | $230M | not disclosed | not named |
| Tech Companies | 1 May 2017 | $108M | not disclosed | The Orogen Group |
| Tech Companies | 25 May 2017 | $65M | not disclosed | Sageview Capital and Silver Lake Waterman |
Sources
Where this comes from
Reported by 2 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Discord raise in its Growth round?
Discord raised $50M in its Growth round, announced in Jun 2017.
Which investors took part in Discord's Growth round?
Index Ventures, Institutional Venture Partners, Spark Capital, Greylock Partners and Benchmark.
What was Discord's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Tech Companies?
113 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $40M, and this round was 1.3 times the median.
Did Discord raise again after this round?
Yes: a Growth round in Apr 2018 of $50M at $1.65B post-money.