Clubhouse New Funding Would Value App at $4 Billion

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The audio chat app Clubhouse ended a new round of Series C funding, but did not close the amount that had gathered at its weekly meeting last Sunday at City Hall.

A source familiar with the financing confirmed that the figure is $4 billion.

The new round of funding was led by Andrew Chen of the venture capital firm Andreessen Horowitz and major investors including DST Global, Tiger Global and Elad Gil.

The San Francisco-based social media company allows people to discuss various topics in audio chat rooms. Performances by billionaires Elon Musk and Mark Zuckerberg have helped make the app mainstream.

The one-year-old platform now has 10 million weekly active users and has clearly demonstrated the potential of audio chat services in the midst of the ongoing COVID-19 pandemic, in which people were largely indoors.

For more information, you may view the original story from Reuters.

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