Funding round
Discord Series H+
Reported as "Series I"
Discord, which works in communication platform development in San Francisco, raised $500M in a Series H+ round announced on 9 Sep 2021, led by Dragoneer Investment Group, at a $15.00B post-money valuation. 5 firms took part. It is Discord's sixth venture round on record; the one before was a Series H+ in Nov 2020.
$500M
Amount raised
$15.00B
Post-money valuation
5
Investors
1 lead
2.1x
Step-up from the Series H+
$7.00B in Nov 2020
3.3%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Discord at $15.00B after the new money, 2.1 times the $7.00B of its Series H+ (Nov 2020). The $500M bought investors about 3.3% of the company. It came 10 months after Discord's Series H+. It is 53% of the $950M Discord has raised in the venture rounds on record. No later venture round is on record for Discord.
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+ 25 Nov 2020, led by Greenoaks $100M$7.00B post-money
- Series H+ this round 9 Sep 2021, led by Dragoneer Investment Group $500M$15.00B post-money
Investors
Who put money in
Dragoneer Investment Group led the round with 4 other firms.
Lead investor
- Dragoneer Investment Group backs 82 venture-backed companies new investor
Also in the round
- Baillie Gifford new investor
- Coatue backs 229 venture-backed companies new investor
- Fidelity Investments new investor
- Franklin Templeton new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion and scaling operations.
- Product development
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
14 Series H+ rounds in Tech Companies within a year either side disclosed an amount; the median was $228M, and this round was 2.2 times the median. The closest in time, other companies' Series H+ rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Databricks Tech Companies | 31 Aug 2021 | $1.60B | $38.00B | Morgan Stanley |
| DailyHunt Tech Companies | 11 Aug 2021 | $451M | $3.00B | not named |
| VerSe Tech Companies | 11 Aug 2021 | $450M | $3.00B | Siguler Guff |
| Olive Tech Companies | 1 Jul 2021 | $400M | $4.00B | Vista Equity Partners and Base10 Partners |
| Tech Companies | 8 Mar 2022 | $200M | $600M | Blackstone |
| DailyHunt Tech Companies | 5 Apr 2022 | $805M | $5.00B | CPP Investments |
| VerSe Tech Companies | 30 Apr 2022 | $563M | not disclosed | not named |
| VerSe Tech Companies | 8 Feb 2021 | $100M | not disclosed | Qatar Investment Authority and Glade Brook |
Sources
Where this comes from
Reported by 4 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 Series H+ round?
Discord raised $500M in its Series H+ round, announced in Sep 2021.
Who led Discord's Series H+ round?
Dragoneer Investment Group led it, with Baillie Gifford, Coatue, Fidelity Investments and Franklin Templeton.
What was Discord's valuation at the Series H+ round?
$15.00B post-money.
How does it compare with other Series H+ rounds in Tech Companies?
14 Series H+ rounds in Tech Companies within a year either side disclosed an amount; the median was $228M, and this round was 2.2 times the median.