The Strategist

Clubhouse starts investment talks with $4B valuation



04/08/2021 - 03:58



Audio conferencing service Clubhouse is negotiating an investment round that could value the app at about $4 billion, sources told Bloomberg.



Marco Verch
Marco Verch
If the deal goes through, the company's valuation would quadruple compared to January. This reflects investors' "astronomical" expectations of the social network, the agency said.

It is not yet clear how much money Clubhouse expects to raise and which investors may participate in the round, Bloomberg said. The terms of the round are still subject to change, according to its interlocutors. A spokeswoman for Clubhouse did not respond to a request for comment.

At the moment, the main investor in Clubhouse is venture capital fund Andreessen Horowitz. It first valued the service's parent company, Alpha Exploration Co. at $100 million, and in January 2021 Andreessen Horowitz partner Andrew Chen invested when valuing the startup at $1 billion, according to Axios. Andreessen Horowitz has also invested in Facebook, Groupon and Pinterest.

As of April 5, Clubhouse allowed users to send each other money within the app. The sending feature has been enabled for everyone at once, while receiving is still being tested on a small group and will be rolled out gradually. Clubhouse has for the first time added the ability to monetise content for users. Authors will get the full amount, and the sender will pay a small commission to the processing partner - Clubhouse itself won't get any money from the donations.

source: bloomberg.com




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