Clubhouse gets Series B funding at a reported $1 billion valuation

Bengaluru: Clubhouse, one of Silicon Valley’s buzziest social media products, has raised fresh funds in a Series B funding round led by Andreessen Horowitz, a US venture capital firm.

While the company didn’t disclose any specific details on the investment size or the valuation, The Information had reported last week that Clubhouse was receiving interest from venture capital firms to lead its potential funding round at roughly $1 billion valuation. If true, this is a ten-fold jump since its last funding round in May last year.

“We now have over 180 investors in Clubhouse—large and small, spanning many different races, genders, and areas of expertise, and including many members of our early community” Clubhouse said in an official blog post.