Popular voice chat app Clubhouse is in talks to raise funds in an investment round at nearly $4 billion valuation, two people familiar with the matter said.
As reported by Bloomberg, it is not clear yet how much Clubhouse is planning to raise or which investors are going to take place. The sources who wanted to remain anonymous as the talks are private said that the terms of the investment round could still change.
People familiar with the matter told Bloomberg that Twitter had held discussions in recent months to acquire Clubhouse, with a a potential valuation of roughly $4 billion. Discussions have reportedly stalled for an unknown reason.
After the talks with Twitter failed to proceed, Clubhouse began to explore whether it made sense to raise financing at that valuation instead.
Clubhouse became quite popular after Elon Musk’s chat with Robinhood CEO Vlad Tenev on the platform. It currently has more than 10 million weekly active users. Yesterday, the company launched a new Payments service to enable creators to make money.
After the app has achieved a great popularity in such a short amount of time, its rivals began to develop their own versions of Clubhouse.
While Twitter launched audio-chat rooms named Spaces, Telegram launched Broadcast Groups with unlimited members and Discord launched Stage Channels for audio events, other tech giants including Facebook and LinkedIn confirmed that they are building Clubhouse-like voice-chat products too.
In addition, ByteDance is reportedly developing a Clubhouse-clone as well.