Funding round
Discord Growth
Reported as "Growth Equity"
Discord, which works in communication platform development in San Francisco, raised $150M in a Growth round announced on 21 Dec 2018, led by Greenoaks, at a $2.05B post-money valuation. 6 firms took part, 1 of them already investors. It is Discord's third venture round on record; the one before was a Growth in Apr 2018.
$150M
Amount raised
$2.05B
Post-money valuation
$1.90B pre-money
6
Investors
1 lead
1.2x
Step-up from the Growth
$1.65B in Apr 2018
7.3%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Discord at $2.05B after the new money, 1.2 times the $1.65B of its Growth (Apr 2018). The $150M bought investors about 7.3% of the company. It came 8 months after Discord's Growth. It is 16% of the $950M Discord has raised in the venture rounds on record. Discord raised again 18 months later: a Series D round of $100M in Jun 2020, at $3.50B 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 20 Apr 2018 $50M$1.65B post-money
- Growth this round 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
Greenoaks led the round with 5 other firms. Tencent had backed Discord before.
Lead investor
- Greenoaks backs 77 venture-backed companies new investor
Also in the round
- FirstMark backs 128 venture-backed companies new investor
- Tencent existing investor
- Institutional Venture Partners backs 109 venture-backed companies new investor
- Index Ventures backs 353 venture-backed companies new investor
- Technology Opportunity Partners new investor
Comparable rounds
How it compares
212 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $40M, and this round was 3.8 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Cambridge Mobile Telematics Tech Companies | 19 Dec 2018 | $500M | not disclosed | SoftBank Vision Fund |
| Tech Companies | 5 Dec 2018 | $63M | not disclosed | FTV Management Company |
| Tech Companies | 6 Dec 2018 | $34M | not disclosed | not named |
| Tech Companies | 11 Dec 2018 | $30M | not disclosed | not named |
| Tech Companies | 31 Dec 2018 | $27M | not disclosed | not named |
| Tech Companies | 11 Dec 2018 | $10M | not disclosed | not named |
| Tech Companies | 19 Dec 2018 | $5.4M | not disclosed | Edison Partners |
| Tech Companies | 12 Dec 2018 | undisclosed | not disclosed | PSG |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Discord raise in its Growth round?
Discord raised $150M in its Growth round, announced in Dec 2018.
Who led Discord's Growth round?
Greenoaks led it, with FirstMark, Tencent, Institutional Venture Partners, Index Ventures and Technology Opportunity Partners.
What was Discord's valuation at the Growth round?
$2.05B post-money ($1.90B pre-money).
How does it compare with other Growth rounds in Tech Companies?
212 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $40M, and this round was 3.8 times the median.
Did Discord raise again after this round?
Yes: a Series D round in Jun 2020 of $100M at $3.50B post-money.