Discord is a popular communication platform that allows users to chat, voice chat, and share content with one another. The platform has gained significant popularity in recent years, with over 150 million monthly active users as of 2021. In December 2020, Discord raised $100 million in funding, valuing the company at 7bnewcomernewcomer. This article will explore the history of Discord and its recent funding round.
Discord was founded in 2015 by Jason Citron and Stan Vishnevskiy, two former game developers. The platform was initially designed for gamers to communicate while playing games, but it quickly expanded to include other communities as well. Discord allows users to create and join “servers,” which are essentially chat rooms dedicated to a particular topic or interest. Within servers, users can create channels for specific discussions or share media, such as images and videos.
One of the key features of Discord is its voice chat functionality. Users can join voice channels to talk with one another in real-time, making it a popular tool for online gaming and remote work. Discord’s ease of use and high-quality audio have made it a popular alternative to other voice chat tools, such as Skype and Teamspeak.
In 2020, Discord experienced significant growth due to the COVID-19 pandemic. With many people forced to work or attend school remotely, Discord became a popular tool for communication and collaboration. The platform also saw increased usage from non-gaming communities, such as musicians and artists.
In December 2020, Discord raised $100 million in funding, valuing the company at $7 billion. The funding round was led by Greenoaks Capital, with participation from Index Ventures, IVP, and Technology Opportunity Partners. The funding will be used to support Discord’s continued growth and development, including the expansion of its engineering team and the development of new features.
The funding round is a significant milestone for Discord, as it represents a major investment in the platform’s future. Discord’s success has been driven by its strong user community and the platform’s ease of use and flexibility. With this new funding, Discord will be able to continue to innovate and improve its platform, making it an even more valuable tool for communication and collaboration.
Despite its success, Discord has also faced challenges in recent years. The platform has been criticized for its moderation policies, with some users claiming that it allows hate speech and other harmful content to flourish. Discord has taken steps to address these concerns, including the development of new moderation tools and the hiring of additional moderators.
Discord has also faced competition from other communication platforms, such as Slack and Microsoft Teams. However, Discord’s focus on community and its strong user base have helped it to remain competitive in the market. Additionally, Discord’s recent funding round will allow the platform to continue to invest in its development and stay ahead of its competitors.
In conclusion, Discord has become a popular communication platform due to its ease of use, flexibility, and strong user community. The platform’s recent funding round is a significant milestone, allowing it to continue to innovate and improve its platform. Despite challenges related to moderation and competition, Discord’s continued growth and success are a testament to the value it provides to its users.