Audio social application Clubhouse completed Series C financing, valued at US$4 billion

The audio social application Clubhouse announced at the company’s weekly citizen meeting held on Sunday that the company has completed a new round of Series C financing, but did not disclose the amount of financing. This round of financing valued Clubhouse at $4 billion.

This round of financing was led by Andrew Chen, a partner of the venture capital firm Anderson-Horowitz Fund, followed by major investors such as DST Global, Tiger Global Fund, and Elad Gil.

Earlier, there were media reports that Twitter once considered buying Clubhouse for US$4 billion, but negotiations broke down. The Android developer of Clubhouse once posted a tweet showing the screenshots of Clubhouse used on Pixel phones and said that the development has been about six weeks, and the progress is going very smoothly. The approximate release time of Clubhouse on Android in May.

Facebook is said to be preparing to release a series of new products with the theme of “social audio” on Monday, which will fight against Clubhouse and also cooperate with Spotify to improve podcast recommendations. These products will continue some of the existing functions of Facebook and its applications, and will also introduce some new elements.

|VIA|