The Clubhouse audio chat app closed a new Series C funding round, the company said during its weekly town hall on Sunday, without disclosing the amount raised.
A source familiar with the matter confirmed to Reuters that the new financing would value the company at $ 4 billion.
The social media app said the new round of funding was led by Andrew Chen of venture capital firm Andreessen Horowitz with top investors including DST Global, Tiger Global, and Elad Gil.
Clubhouse and Andreessen Horowitz did not respond to requests for how much the funding round raised.
The San Francisco-based company, whose app allows people to discuss varied topics in audio chat rooms, has seen its popularity rise after the appearances of billionaires Elon Musk and Mark Zuckerberg.
The success of the one-year invite-only platform, which recently reported 10 million weekly active users, has demonstrated the potential of audio chat services, particularly when people remain indoors due to the COVID-19 pandemic.
Bloomberg earlier this month said Twitter Inc (TWTR.N) was in talks to buy an audio app at a valuation of $ 4 billion.