The company raised $150 million of venture funding in a deal led by Greenoaks Capital Partners on December 24, 2018, putting the company's pre-money valuation at $1.85 billion. Tencent Holdings, Index Ventures (UK), IVP, FirstMark Capital and Technology Opportunity Partners also participated in the round. Discord will use its new capital to support the launch of its new store, while continuing to improve its core communications technologies. Earlier, the company raised $50 million of Series F venture funding from Tencent Holdings, Spark Capital and IVP on April 20, 2018, putting the company's pre-money valuation at $2 billion. Benchmark Capital and Greylock Partners also participated in the round.