Discord secures $150 million in funding, valued at over $2 billion

Discord is hugely popular chat app for gamers, and the company is seeking to move into selling games as well. Back in October the company launched the Discord Store for games, meant to rival the massive Steam Store. And now Discord has announced that it has secured $150 million in funding, with a valuation of $2.05 billion.

The last time Discord raised cash was in April of this year, when they raised $50 million in funding at a $1.65 billion valuation. The company has only grown since then, as the influx of further cash and higher valuation demonstrate. The latest funding came primarily from investment group Greenoaks Capital, as well as from other funders like Firstmark, Tencent, IVP, Index Ventures, and Technology Opportunity Partners.

With this cash injection, Discord will expand the scope of their store. The store gained more attention recently when Discord announced that it would split revenue from game sales with the developers for self-published titles at a rate of 90/10, making it a more attractive option financially speaking than the 70/30 split offered by Steam. The Discord Store is definitely smaller in scope and audience than the behemoth Steam Store right now, but Discord is showing that it is looking to close that gap.

The main focus of Discord will continue to be its chat service, which allows users to talk via text or voice and is a common tool used by clans, guilds, and other gaming groups. The chat service is offered for free for all users but has an option to purchase a “Nitro” subscription that gives benefits like unlimited access to a library of games and extra features in chat. At $10 per month, Nitro could be a compelling option for gamers who want to play through a lot of titles without having to shell out for each one. However, the catalogue of games available skews more towards indie and casual games, which may not be appealing to Discord’s primary audience of hardcore gamers.

The investment in the Discord Store opens up another avenue of funding for the company, and is a smart move to monetize the gaming audience that Discord has access to thanks to its popularity as a chat interface.


From the beta to dark zones, here's everything we know about The Division 2

The Division 2, the sequel to Ubisoft's most successful new franchise, arrives on PS4, Xbox One, and PC on March 15. The Division 2 has a new setting, interesting new systems, and much more. Here's everything we know about The Division 2.

What’s the difference between Lightroom CC and Lightroom Classic?

Lightroom CC has evolved into a capable photo editor, but is it enough to supplant Lightroom Classic? We took each program for a test drive to compare the two versions and see which is faster, more powerful, and better organized.

PS4 vs. Switch: After weighing the pros and cons, which one comes out on top?

Nintendo Switch versus PlayStation 4: Which one has better overall value? We break down the pros and cons of each platform to tell you which of these consoles is truly worth the money.

Take some time to reminisce with the 25 best Sega Genesis games of all time

Although the company has since fallen into obscurity, Sega was an indisputable titan throughout the '90s. That said, here are 25 best Sega Genesis games that helped define its fabled decade.

A beginner’s guide to Far Cry New Dawn’s postapocalyptic Hope County

Far Cry New Dawn is yet another entry in Ubisoft's popular open world shooter franchise. But while it may feel quite similar in motion, the progression system is changed in a lot of ways. Our beginner's guide is here to help.

Learn to scavenge like a pro with our Far Cry New Dawn crafting guide

Far Cry New Dawn revolves around the hunt -- the hunt for materials to craft new weapons, vehicles, and other useful items. It's easy to miss out on great opportunities to find new materials if you don't go off the beaten path.

Scalebound could be revived for Switch following Xbox One cancellation

Microsoft canceled the Xbox One and PC exclusive Scalebound more than two years ago, but a new report claims Scalebound could have found a new home as an exclusive on Nintendo Switch.

Here's our take on the best game-streaming services currently out there

You can still get your physical video game discs or cartridges at your local store or download games digitally, but another option is even more convenient: Game streaming. Here are the best game streaming services.

Xbox's app lets you access your console while away from home. Here's how

Microsoft's Xbox allows you to access your profile information and launch media content directly from your mobile device. Check out our quick guide on how to connect your smartphone to an Xbox One.

Here’s how to set up a virtual private network (VPN) on your Xbox One

Online privacy is more important now than it's ever been, and gaming is happening online more than ever before. Here's a quick guide on how to set up a VPN for your Xbox One so you game in safe anonymity.

You're never too broke to enjoy the best free-to-play games

Believe it or not, free-to-play games have evolved into engaging, enjoyable experiences. Here are a few of our favorites that you can play right now, including Warframe and the perennially popular League of Legends.

Among hundreds of choices, these are the best 25 SNES games of all time

The Super Nintendo Entertainment System might be the greatest game console ever made, but what are the best titles for the system? Here are our picks for the best SNES games.

Clear up some space on your Xbox One hard drive for the latest games

Removing and reinstalling games on the Xbox One's hard drive isn't difficult, but it's a process that not everyone is familiar with. Thankfully, our guide will run you through each step.

Here’s everything we know about the zombie-infested, survival horror Days Gone

Days Gone, the first PS4 title from Sony's Bend Studio, looks to offer a different type of zombie game. Here's everything we know about the forthcoming title, from the setting to its gameplay.