Discord raises $150 million as it starts establishing its PC game store

One of the biggest platforms in gaming has put some more cash in its pockets. Discord has raised $150 million in its latest round of funding at a $2.05 billion valuation. Investment group Greenoaks Capital led the funding round. Firstmark, Tencent, IVP, Index Ventures, and Technology Opportunity Partners also contributed.

Discord plans to use the cash to help get its new store off the ground. It is also continuing to improve its core communications technologies. The company is trying to turn its store and Nitro subscription program into its primary source of revenue. But while it builds up that business, it needs capital to continue attracting talent and ensuring that it can make deals. That includes its First On Discord program that brings in timed exclusives from indie developers.