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Discord in Talks to Raise Funds at a $3 Billion-Plus Valuation

Photographer: Phil Barker/Future Publishing via Getty Images
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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 $2 billion, 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 $3 billion and $4 billion, 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.