Valued at $ 4 billion, the American application Clubhouse multiplies fundraising

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Clubhouse, a platform that has been offering audio-only chat rooms since March 2020, announced on Sunday that it had carried out a new fundraiser.

The group explains on its blog that it has already finalized a fundraiser in January to be able to “welcome more users”, “strengthen its infrastructure” and “support creators” organizing live discussions. “Since then we have grown much faster than we expected as Clubhouse has spread” around the world.

Read the blog post: Clubhouse deserves some attention

The servers struggled at times and the algorithms created at the beginning no longer cope, the company notes. So she again asked investors for a new fundraising, this time led by the venture capital firm Andreessen Horowitz with the participation of the funds DST Global, Tiger Global and the businessman. Elad Gil.

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The company did not give details on the amounts involved but this transaction gives Clubhouse a valuation of around $ 4 billion, four times more than in January, according to the Bloomberg agency which quotes sources close to the negotiations.

The application, accessible by invitation only, allows you to listen to live discussions, and sometimes participate in them. Taking advantage of the pandemic and appearances by celebrities like entrepreneur Elon Musk, she has brought long conversations up to date, whether it’s investor Q&A, friends chatting, or interviews. of personalities.

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Based in San Francisco, Clubhouse was created by Paul Davison and Rohan Seth via the start-up Alpha Exploration. It is already being emulated, Facebook having discreetly launched at the beginning of April a test phase for a new audio conferencing application, Hotline, while Twitter has been testing “Spaces” since December.

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