Discord's Latest Fundraising Round Values The Company At $2 Billion

Gaming chat service Discord, Inc. has reportedly completed a new round of fundraising that sees the company valued at over $2 Billion. The company, which makes software that allows gamers to communicate via voice and text channels, has announced that they have raised more than $150 Million in their latest deal, which also saw a new valuation of over $2 Billion overall.

This is the second time this year that Discord has raised funding for their projects, and the second time this year that their valuation has increased significantly. Earlier this year in April Discord raised $50 Million in funding that saw the company valued at over $1.65 Billion, before the announcement this week say that valuation rise yet again.

Discord reportedly has an active userbase of more than 200 Million users, which is a 50% increase since May this year and more than four times the number of users from this time last year. According to CEO Jason Citron, the company plans to use this latest round of funding to help build and expand their recently launched online game store, which will be competing with the likes of Steam and Origin, from Valve and EA respectively.