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 20 Apr 2018, at a $1.65B post-money valuation. 4 firms took part. It is Discord's second venture round on record; the one before was a Growth in Jun 2017.
$50M
Amount raised
$1.65B
Post-money valuation
4
Investors
no lead named
3.0%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Discord at $1.65B after the new money. The $50M bought investors about 3.0% of the company. It came 10 months after Discord's Growth. It is 5.3% of the $950M Discord has raised in the venture rounds on record. Discord raised again 8 months later: a Growth round of $150M in Dec 2018, at $2.05B 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 7 Jun 2017 $50M
- Growth this round 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
4 firms took part; no lead investor was named.
Investors
- Tencent new investor
- Benchmark new investor
- Greylock Partners backs 190 venture-backed companies new investor
- Spark Capital backs 234 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion and scaling operations.
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
185 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $45M, and this round was close to the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 12 Apr 2018 | $40M | not disclosed | PeakEquity Partners |
| Tech Companies | 20 Apr 2018 | $36M | not disclosed | Andreessen Horowitz |
| Tech Companies | 4 Apr 2018 | $35M | not disclosed | Susquehanna Growth Equity |
| project44 Tech Companies | 18 Apr 2018 | $35M | not disclosed | OpenView |
| Tech Companies | 10 Apr 2018 | $25M | not disclosed | not named |
| Tech Companies | 12 Apr 2018 | undisclosed | not disclosed | not named |
| Tanium Tech Companies | 16 May 2018 | $175M | $5.00B | TPG |
| Tech Companies | 1 May 2018 | $56M | not disclosed | One Peak |
Questions
Frequently asked
How much did Discord raise in its Growth round?
Discord raised $50M in its Growth round, announced in Apr 2018.
Which investors took part in Discord's Growth round?
Tencent, Benchmark, Greylock Partners and Spark Capital.
What was Discord's valuation at the Growth round?
$1.65B post-money.
How does it compare with other Growth rounds in Tech Companies?
185 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $45M, and this round was close to the median.
Did Discord raise again after this round?
Yes: a Growth round in Dec 2018 of $150M at $2.05B post-money.