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About Discord
Industries
Consumer Software
Social Impact
Company Size
1,001-5,000
Company Stage
Series H
Total Funding
$952.6M
Headquarters
San Francisco, California
Founded
2015
Overview
Discord is a communication platform that allows users to connect through voice, video, and text. It serves as a space for friends and communities to gather and share their interests, catering to a wide range of groups such as artists, activists, study groups, and hobbyists. Users can join various communities, known as servers, which host discussions and activities related to their interests. Unlike many other platforms, Discord does not rely on advertisements or selling user data; instead, it offers a premium subscription service called Nitro, which provides additional features like enhanced streaming quality and customization options. The goal of Discord is to create a welcoming environment where people can build connections and foster a sense of belonging.
Simplify's Take
What believers are saying
- Discord's revenue grew 44% in 2022, showcasing resilience in a challenging market.
- Integration with AI moderation tools can enhance user experience and safety.
- Collaborations with educational platforms position Discord as a key remote learning tool.
What critics are saying
- Discord's revenue growth slowed in 2022, indicating potential market saturation.
- Integrating Gas may alienate existing users if not managed carefully.
- Decentralized platforms like SINOVATE pose a competitive threat to Discord's model.
What makes Discord unique
- Discord offers a unique ad-free communication platform with a premium subscription model.
- It supports diverse communities, from gamers to artists, enhancing its user base diversity.
- Discord's acquisition of Gas expands its reach to a younger, teen-focused audience.
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Funding
Total Funding
$952.6M
Above
Industry Average
Funded Over
8 Rounds
Coatue Management
Benchmark
Greylock Partners
Accel
General CatalystBenefits
Stay healthy - We take care of our team with comprehensive Medical, Dental, and Vision plans.
Parental perks - Spend some quality time with the next generation with parental leave, fertility, adoption, and surrogacy benefits.
Kick back - Stay refreshed with over 19 paid holidays, use-what-you-need sick days, and four weeks of PTO.
Commute easy - In a non-COVID world, get up to $270 per month for your commuting and parking needs.
The loadout - When we’re back in the office, enjoy daily catered lunches and snacks, a desk fund to make your space yours, and whatever you need for your computer setup, including a headphone allowance.
Wellness on us - Take advantage of a quarterly wellness allowance for your gym membership or other wellness activities. Virtual yoga every week!
Transgender benefits - Discord will reimburse up to $20,000 for any procedure related to transition.
Discord HQ - Our office is located in Potrero Hill, a little neighborhood in San Francisco near awesome coffee and food.
Relocation - Excellent relocation bonuses for new hires moving to San Francisco (once it’s safe to return).
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↓ -3%2 year growth
↓ -2%Many tech firms saw meager revenue growth, or even a decline, last year as the digital ad market stalled and businesses cut back spending on software. Messaging startup Discord was an exception. Discord, which makes money from subscription fees, lifted revenue 44% to $445 million last year, ...
Gas will remain a standalone app at Discord.
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The world of virtual communications continues to hold a central place in our socially-distanced lives, and today it looks like one of the companies reaping some of the spoils is also reaping some funding out of it. Discord, the chat and communications platform wildly popular with gamers and, increasingly, many others, has confirmed to us […]
LONDON, Dec. 4, 2020 /PRNewswire/ -- Decentralized cloud data storage platform SINOVATE is developing its own in-house blockchain technology known as Deterministic Infinity Nodes (DIN). The potentially groundbreaking new tech works in unison with Incorruptible Data Storage (IDS) to create a new cons
Discord is Hiring for 46 Jobs on Simplify!
Find jobs on Simplify and start your career today
About Discord
Industries
Consumer Software
Social Impact
Company Size
1,001-5,000
Company Stage
Series H
Total Funding
$952.6M
Headquarters
San Francisco, California
Founded
2015
Discord is Hiring for 46 Jobs on Simplify!
Find jobs on Simplify and start your career today