- $4 is looking at a funding round that would value the
app at $4 billion, $4 reported. - The audio-only app, which launched in March 2020, was valued at around $1 billion in January.
Clubhouse says that it has 10 million weekly users, and other companies are developing competitors.
$4 is in talks to raise funding in a round with a $4 billion valuation just over a year after the audio app launched, $4 reported Tuesday, citing people familiar with the matter.
This is up to $4 Clubhouse achieved in January.
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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. $4 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 $4 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 $4 and might ditch its invite-only access. The app has also begun allowing users to $4 through a partnership with payments company Stripe.
But concerns have been raised over $4 and the $4 on the app, and other tech companies, including $4, $4, $4, and $4, are all working on voice-chat competitors.