Funding round
Discord Series H+
Reported as "Series H"
Discord, which works in communication platform development in San Francisco, raised $100M in a Series H+ round announced on 25 Nov 2020, led by Greenoaks, at a $7.00B post-money valuation. 3 firms took part. It is Discord's fifth venture round on record; the one before was a Series D in Jun 2020.
$100M
Amount raised
$7.00B
Post-money valuation
$6.90B pre-money
3
Investors
1 lead
2.0x
Step-up from the Series D
$3.50B in Jun 2020
1.4%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Discord at $7.00B after the new money, 2.0 times the $3.50B of its Series D (Jun 2020). The $100M bought investors about 1.4% of the company. It came 5 months after Discord's Series D. It is 11% of the $950M Discord has raised in the venture rounds on record. Discord raised again 10 months later: a Series H+ round of $500M in Sep 2021, at $15.00B 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 30 Jun 2020 $100M$3.50B post-money
- Series H+ this round 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 2 other firms.
Lead investor
- Greenoaks backs 77 venture-backed companies new investor
Also in the round
- Index Ventures backs 353 venture-backed companies new investor
- backs 83 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
10 Series H+ rounds in Tech Companies within a year either side disclosed an amount; the median was $125M, and this round was 80% of the median. The closest in time, other companies' Series H+ rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| DailyHunt Tech Companies | 31 Dec 2020 | $100M | $1.01B | Alpha Wave Global |
| Tanium Tech Companies | 18 Sep 2020 | $150M | $9.00B | not named |
| Tech Companies | 1 Jan 2021 | $10M | not disclosed | not named |
| VerSe Tech Companies | 8 Feb 2021 | $100M | not disclosed | Qatar Investment Authority and Glade Brook |
| Tech Companies | 18 Jun 2020 | $100M | not disclosed | Apax Partners |
| Olive Tech Companies | 1 Jul 2021 | $400M | $4.00B | Vista Equity Partners and Base10 Partners |
| Tech Companies | 30 Mar 2020 | $12M | not disclosed | not named |
| Databricks Tech Companies | 31 Aug 2021 | $1.60B | $38.00B | Morgan Stanley |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Discord raise in its Series H+ round?
Discord raised $100M in its Series H+ round, announced in Nov 2020.
Who led Discord's Series H+ round?
Greenoaks led it, with Index Ventures and Sony Innovation Fund.
What was Discord's valuation at the Series H+ round?
$7.00B post-money ($6.90B pre-money).
How does it compare with other Series H+ rounds in Tech Companies?
10 Series H+ rounds in Tech Companies within a year either side disclosed an amount; the median was $125M, and this round was 80% of the median.
Did Discord raise again after this round?
Yes: a Series H+ round in Sep 2021 of $500M at $15.00B post-money.