Discord’s free video, voice and text technology was primarily used to bring gamers together, but, since the pandemic, people stuck at home have started using it for study groups, dance classes, book clubs and other virtual social gatherings. — Dreamstime/TNS
Chat-tool provider Discord Inc is in talks to raise new capital from investors at a time its business is booming because of stay-at-home orders amid the coronavirus pandemic.
The startup, led by chief executive officer Jason Citron, is in talks to raise fresh funds at a valuation of more than US$2bil (RM8.70bil) the figure it commanded in December 2018, said people with knowledge of the matter. Although Discord isn’t in need of cash, it could raise new funds at a valuation of between US$3bil (RM13.05bil) and US$4bil (RM17.40bil), said some of the people, who asked not to be identified because the discussions are private. Talks are not guaranteed to result in a deal, one of the people said.
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