O ne thing is almost certain about the route forward. “If they carry on with this trajectory, we’re gonna be very, very happy folks.” “They’re building something of tremendous value,” says Rimer. Discord is on track to top $120 million in sales this year, Forbes estimates, up from around $70 million last year, fueled by its subscription service called Nitro, which allows users to customize their profiles and the Discord groups that they belong to. The funding comes with the understanding that Citron and Vishnevskiy, who hold stakes in the startup worth probably more than $350 million each, will continue to broaden the app’s audience and focus on growing revenue. In a deal not previously reported, Citron and Vishnevskiy agreed in June to take another $100 million in venture funding-at a $3.5 billion valuation, up from $2.05 billion 18 months ago. In a reversal of how things usually work in Silicon Valley, Index Ventures’ Danny Rimer, whose firm had invested in Discord’s last fundraising in December 2018, called them in February to offer more money. Its broader appeal has also captured the attention of venture investors. Altogether the users spend 4 billion minutes each day either texting, voice chatting or video messaging via the app. Some 100 million people use it actively every month, a 50%-plus increase in a year, making Discord roughly a third the size of Twitter or Snapchat. Forbes/ Getty imagesĪll of this has helped Discord attract more than 300 million registered users, up from 250 million a year ago and quadruple the figure from 2018. It's now being used by other groups like Black Lives Matters protesters, teachers and Boy Scouts. Discord started life as an app for gamers then became known as an Alt-Right haven.
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