Funding round
Discord Series D
Discord, which works in communication platform development in San Francisco, raised $100M in a Series D round announced on 30 Jun 2020, at a $3.50B post-money valuation. It is Discord's fourth venture round on record; the one before was a Growth in Dec 2018.
$100M
Amount raised
$3.50B
Post-money valuation
$3.40B pre-money
1.7x
Step-up from the Growth
$2.05B in Dec 2018
2.9%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Discord at $3.50B after the new money, 1.7 times the $2.05B of its Growth (Dec 2018). The $100M bought investors about 2.9% of the company. It came 18 months after Discord's Growth. It is 11% of the $950M Discord has raised in the venture rounds on record. Discord raised again 5 months later: a Series H+ round of $100M in Nov 2020, at $7.00B 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 21 Dec 2018, led by Greenoaks $150M$2.05B post-money
- Series D this round 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
0 firms took part; no lead investor was named.
Individual investors: Danny Rimer.
Use of proceeds
What the money is for
According to the announcement, the money goes to product development.
- Product development
Comparable rounds
How it compares
164 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $71M, and this round was 1.4 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 24 Jun 2020 | $63M | not disclosed | Wafra |
| Tech Companies | 1 Jun 2020 | $20M | not disclosed | not named |
| Cockroach Labs Tech Companies | 5 May 2020 | $87M | not disclosed | Altimeter and BOND |
| Tech Companies | 8 Jul 2020 | $80M | not disclosed | Goldman Sachs Growth |
| Tech Companies | 28 May 2020 | $52M | not disclosed | C5 Capital and B Capital |
| Tech Companies | 28 May 2020 | $50M | not disclosed | Alkeon |
| Tech Companies | 28 May 2020 | $50M | not disclosed | Georgian |
| Tech Companies | 13 May 2020 | $50M | not disclosed | CapitalG |
Questions
Frequently asked
How much did Discord raise in its Series D round?
Discord raised $100M in its Series D round, announced in Jun 2020.
What was Discord's valuation at the Series D round?
$3.50B post-money ($3.40B pre-money).
How does it compare with other Series D rounds in Tech Companies?
164 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $71M, and this round was 1.4 times the median.
Did Discord raise again after this round?
Yes: a Series H+ round in Nov 2020 of $100M at $7.00B post-money.