Chat App Discord Is Worth $15 Billion After New Funding

Discord Inc. raised $500 million in a new round of financing, according to a spokesperson for the popular digital chat company.

The deal values Discord at about $15 billion, according to a person familiar with the matter who asked not to be identified discussing private information. That’s more than double the $7 billion price tag investors gave the company during a funding round last year.

The financing was led by Dragoneer Investment Group. Baillie Gifford & Co., Coatue Management, Fidelity Management & Research Co. and Franklin Templeton also participated, alongside existing investors, the spokesperson said.

San Francisco-based ...