Clubhouse Raises Series C Round Led by Andreessen Horowitz (2)

Clubhouse, the buzzy audio-based social network, said it closed a new Series C round led by Andrew Chen at Andreessen Horowitz.

The round valued the company at about $4 billion, according to people familiar with the matter, who asked not to be named because the matter is private.

Bloomberg reported earlier this month that the latest round would value the one-year-old startup at about that amount, quadruple its value from January.

DST Global, Tiger Global Management, and investor Elad Gil also participated in the round, the company said in a blog post on Sunday, without disclosing ...