The Tencent and WarnerMedia-backed online messaging platform developer reportedly increased its valuation to $15bn in the round.

Discord, the US-based online messaging platform developer backed by corporates Tencent and WarnerMedia, has raised $500m in a funding round led by Dragoneer Investment Group, Bloomberg reported on Wednesday.

The round also featured investment and financial services group Fidelity, Baillie Gifford, Coatue Management, Franklin Templeton and unnamed existing investors, and it valued the company at approximately $15bn.

Discord’s platform was launched for gamers to communicate with each other in real time but experienced an explosion in demand during the pandemic…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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