Bengaluru-based audio-chat app Clubhouse has secured an undisclosed investment in VC firm Andreessen Horowitz-led Series C funding round. The funding round also saw participation from major investors DST Global, Tiger Global, and Elad Gil.
The platform is planning to use the funds raised to scale its’ team and to support international growth, invest in localization and accessibility features, launch more programs like the Creator First accelerator to help creators get paid, invest deeply in discovery to help people find the best rooms, and continue to scale its support and community health teams.
“It’s important to us to be building all of this with people who are invested in the community and who represent a diverse set of backgrounds and voices. Our investor base now spans nearly 200 creators, angels, and funds — including members of the Clubhouse community, institutional investors, professional musicians, athletes and comedians, and many who you might not have heard of outside of Clubhouse,” the company said in a statement.
“Fundraising is only important because it allows us to keep focusing on the product and the community,” it added. The platform also stated that it is hiring across all areas.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.