The social audio app Clubhouse is seen on a mobile phone in this illustration on February 8, 2021. REUTERS / Florence Lo / Illustration / File Photo
The audio app Clubhouse has closed a new range of C funding, the company said during its weekly town hall on Sunday without disclosing the amount raised.
A source familiar with the matter confirmed to Reuters that the new financing would cost the company $ 4 billion.
The social media app said the new round of funding is being led by Andrew Chen of venture capital firm Andreessen Horowitz with major investors such as DST Global, Tiger Global and Elad Gil.
Clubhouse and Andreessen Horowitz did not respond to requests for comment on the amount of funding raised.
The company in San Francisco, whose app allows people to discuss diverse topics in soundrooms, became popular after appearances by billionaires Elon Musk and Mark Zuckerberg.
The success of the inviting, year-old platform, which recently reported 10 million weekly active users, showed the potential of audio chat services, especially as people stay indoors due to the COVID-19 pandemic.
Bloomberg said earlier this month that Twitter Inc. (TWTR.N) was in the process of buying an audio app at a $ 4 billion valuation.
Technical website The Information only reported the details of the financing on Friday.
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