The Clubhouse social audio app is seen on a mobile phone in this illustrated image of February 8, 2021. REUTERS / Florence Lo / Illustration / Stock Photo
The Clubhouse audio chat app closed a new round of Series C funding, the company said during its weekly town hall meeting on Sunday, without revealing the amount raised.
A source familiar with the matter confirmed to Reuters that the new financing would value the company at $ 4 billion.
The social media app said the new round of funding was led by Andrew Chen of venture capital firm Andreessen Horowitz with major investors such as DST Global, Tiger Global and Elad Gil.
Clubhouse and Andreessen Horowitz did not respond to requests for how much they raised from the funding round.
The San Francisco-based company, whose app allows people to discuss a variety of topics in audio chat rooms, has seen its popularity increase after the appearances of billionaires Elon Musk and Mark Zuckerberg.
The success of the one-year platform, which recently reported 10 million active weekly users, has demonstrated the potential of audio chat services, especially for people staying home due to the COVID pandemic -19.
Bloomberg earlier this month said Twitter Inc. (TWTR.N) was in discussions to buy an audio app valued at $ 4 billion.
Technology website Information first reported details on funding Friday.
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