It’s hard to understate the buzz around Clubhouse, the social media startup that reached a reported $100 million valuation when it had just 1,500 users.
Now some nine months after its launch, the company revealed over the weekend that it had raised another round of funding led again by Andreessen Horowitz’s Andrew Chen. While the company did not disclose a valuation, a source familiar with the matter says the company is now valued at $1 billion even though it has yet to post a revenue. The Information previously reported that the company had received interest to raise at the unicorn status.
Free to all users and currently operating without ads, Clubhouse currently boasts an estimated 2 million weekly active users on the back of its voice-based chatrooms. With the additional funding, the company says it plans to create an Android app, start a program that allows creators to get … Read more