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Clubhouse is in talks to raise funding in a round with a $4 billion valuation just over a year after the audio app launched, Bloomberg reported Tuesday, citing people familiar with the matter.

This is up to four times the valuation Clubhouse achieved in January.

Read more: The unofficial story of how Clubhouse founders Paul Davison and Rohan Seth failed their way to a $1 billion app

The sources told Bloomberg that the terms of the round could still change, and the publication said it was unclear how much funding Clubhouse was seeking. Andreessen Horowitz has previously invested in the app.

Clubhouse did not immediately respond to request for comment by Insider.

The invite-only app has boomed in popularity over the last few months. The company said in late February that it had more than 10 million active users each week, and celebrities including Paris Hilton, Oprah Winfrey, Facebook CEO Mark Zuckerberg, Tesla CEO Elon Musk, and entrepreneur Mark Cuban have all used the app.

CEO Paul Davison said in late March that Clubhouse could arrive on Android by summer and might ditch its invite-only access. The app has also begun allowing users to send …read more

Source:: Businessinsider – Technology


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