Audio-chat app Clubhouse closed a new Series C round of financing, 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 value the company at $4 billion.
The social media app said the new round of financing was led by Andrew Chen of venture capital firm Andreessen Horowitz with major investors like DST Global, Tiger Global and Elad Gil.
Extremely rare for a venture firm to lead three consecutive rounds as a16z has done in Clubhouse (Series A at $100M, B at $1B, C at $4B)
The only other example I could think of was Medallia (Sequoia).
Reminds me of this quote pic.twitter.com/DXIMZe6Ti6
— Tanay Jaipuria (@tanayj) April 18, 2021