Diligence memo · auto-generated · as of July 2, 2026
Discord Inc.
Discord Inc. looks under-valued against its niche peers and is at-risk on financing cadence.
Businessfiled
Discord Inc. operates in Other Technology, based in San Francisco. Read Discord's Impressum, statement of ownership, as well as company information.
Capital & rounds (filed)filed
Discord Inc. has raised $914M in disclosed capital across 6 recorded rounds, aggregated from public filings. Its latest round is modeled as Growth/Late (a round over $400M).
Largest single filing: $500M on 2021-09-09.
Most recent recorded round closed around 2023-01-17.
Valuation (modeled)modeled
Provath models Discord Inc. at approximately $295M (range $120M–$427M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.03× the median modeled value of Growth/Late Other Technology companies in 2022–2024 (10 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 10 months.
Last raise 3.5 yr ago; this sector typically re-raises about every 13 months.
Past due for a raise versus sector cadence — watch for distress or a bridge.
The last round was 31.7× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 100% of Other Technology peers (21302 compared).
Modeled value ranks above 88% of those peers.
Closest niche peers: Ncino, Inc., Lessen Inc., Yellowstone Ultimate Holdings, LP, Makatuu Inc, HAG Holding Ltd.
Peoplefiled
14 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.