The Clubhouse social audio app is featured on a mobile phone in this illustration photo taken on February 8, 2021. REUTERS / Florence Lo / Illustration / Photo file
Audio chat app Clubhouse closed a new Series C funding round, the company said at its weekly town hall on Sunday, without disclosing the amount raised.
A source familiar with the matter confirmed to Reuters that the new funding would value the company at $ 4 billion.
The social media app said the new funding round was led by Andrew Chen of venture capital firm Andreessen Horowitz with major investors such as DST Global, Tiger Global and Elad Gil.
Clubhuis and Andreessen Horowitz have not responded to requests for how much the funding round raised.
The San Francisco-based company, whose app allows people to discuss a variety of topics in audio chat rooms, has seen its popularity soar after appearances by billionaires Elon Musk and Mark Zuckerberg.
The success of the year-old invite-only platform, which recently reported 10 million weekly active users, has demonstrated the potential of audio chat services, especially as people stay in homes as a result of the COVID-19 pandemic.
Bloomberg said earlier this month that Twitter Inc (TWTR.N) was in discussion to purchase an audio app worth $ 4 billion.
Tech website The Information first reported details on the funding on Friday.
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