Who Owns Discord – A Take On Company’s Roaring Net Worth And Reliability

Do you use Discord and want to know who is behind this app? Read the full article to know who owns discord.

Discord is about giving people the power to create space to find belonging in their lives. The creators of Discord wanted to make it easier for you to talk regularly with the people you care about. The intention behind this app was to help people build genuine relationships with their friends and communities close to home or around the world. Original, reliable, playful, and relatable. These are the values that connect users and employees at Discord.

Discord is a social media platform, primarily a Voice over Internet Protocol (VoIP), a digital distribution, and instant messaging. Users use the voice call, text messaging, and video call features to communicate. What makes it stand out from other social media is the type of group. They are called servers, a collection of continuous chat rooms and voice channels.

The application runs on most operating systems such as Mac, Windows, iOS, Android, Linux, and even web browsers. As of 2021, the application had over 350 million user-ship registrations and an active user base of 150 million per month.

If you have been using Discord, you might be interested to know who owns Discord. The matter of ownership of Discord has always been somewhat private, so users or competitors often find it hard to understand. Nevertheless, by exploring the funding history and looking at its founders, we might have guessed who owns most shares in the company.

Well, the origins of Discord started with Jason Citron after he created OpenFeint, a similar social platform for gamers that GREE purchased later. After OpenFeint’s sale in 2012, Jason Citron founded a game development company called Hammer & Chisel, Inc.

Within a couple of years, Hammer & Chisel, Inc. abandoned the idea of developing games and redirected their resources to Discord, which made its public debut in 2015. Hammer & Chisel, Inc. is now known as Discord Inc.

Jason Citron is thus the founder of Discord and its current CEO. You must want to know more about this mere brief overview of who owns Discord. There is so much to know about the working, operations, profits, and ownership of Discord. So, let’s dive into reading this piece of information!

Jason Citron, founder, and CEO of Discord

Jason Citron
Jason Citron founder of Discord

Jason Citron, founder, and CEO of discord has always been passionate about gaming. He founded Openfeint in 2006 which he used as a platform to develop games for mobile devices like smartphones or tablets that are played online with other people around the world via wifi connections vs Dataquest (WiFi). In 2011 Jason sold his company GREE bought by them for $104 million after using some funds from Hammer & Chisel Studio.

Discord founder

The prime founder of DIscord is Jason Citron. He founded this company back in 2015. He is now the co-founder and CEO of Discord, one of the largest chat platforms for gamers with over 150 million users. Jason pivoted from game development in 2015 and launched Discord, intending to bring players together around the games they love. It has evolved into a top communications tool for everything from small groups of friends to the big game, developer, and stream communities.

Jason Citron was not alone on his journey of founding Discord Inc. Stan Vishnevskiy was his co-founder and is also Discord’s current CTO. The collaboration between Jason and Stan has been a massive part of Discord reaching its current heights of success. There is no publicly accessible information on how many Discord shares Stan owns. However, as a co-founder, it is safe to assume that he still has a large percentage.

Lead investors

To reach its level of success so quickly, Discord has been the subject of several funding rounds throughout the years, with each round raking in millions and helping Discord reach an organization valuation of more than $15 billion.

With each of these investments, the investors can acquire a large (or small) share of ownership over Discord.

Here are all the investors leading those funding rounds:

Dragoneer Investment Group: Led the September 16, 2021, Series H funding round, investors. Dragoneer Investment Group and several other investors raised $500 million.

Sony Interactive Entertainment: $3.3 million was raised during the secondary market funding round in 2021 with Sony as a lead investor.

Greenoaks: Lead investor for a $100 million Series H funding round in 2020 and 2018 with $150 million funding.

Index Ventures: Raised over $150 million as lead investors in two different funding rounds. One in 2017 and another in 2020.

Greylock: They led one of the earliest funding rounds for Discord in 2016 together with Spark Capital.

Spark Capital: Partnered with Greylock as a lead investor for the 2016 $20 million funding round.

Naturally, funding rounds are backed by multiple investors. These other investors also receive a share of Discord’s ownership. Here, we provide you with a list of all of them:

  • Franklin Templeton Investments, Fidelity Management, Research Company, Coatue, Baillie Gifford, Sony Interactive Entertainment – Part of the 2021 funding round led by Dragoneer Investment Group.
  • Mindrock Capital is part of the funding round under Sony’s lead.
  • Tencent is part of two different funding rounds.
  • Technology Opportunity Partners, FirstMark, Institutional Venture Partners were the Investors for the 2018 funding round with Greenoaks as lead investors.
  • Benchmark – Invested in multiple funding rounds.
  • Specialized Types and YouWeb – Investors for the Greylock/Spark Capital funding round.

In an interview to CNBC TV, Jason Citron said about the $500 million funding round, “The focus of the round is to give us the ability to continue to invest in making just the best community app and the services that we can bring to market for people and improve our ability to keep people’s safety.” He further said, “We believe that people want to have safe environments where they can be themselves, relax, hang out with their friends … and a big part of that is feeling like it is your space, you have your privacy, and you’re safe.”

What is Discord CEO’s Net Worth

Discord CEO Jason Citron has an estimated net worth of $1.8 to $3 million. He co-founded the gaming chat app in 2015 with his wife, Stephanie, and it now has over 250 million users. He previously co-founded OpenFeint, a social gaming platform for mobile devices which was acquired by Japanese company GREE in 2011 for $104 million.

What is discord?

Dіѕсоrd іѕ а рорulаr іnѕtаnt mеѕѕаgіng рlаtfоrm thаt іѕ соnсеrnеd wіth соmmunісаtіng mеѕѕаgеѕ, tехtѕ, vоісе саllѕ, аnd vіdео саllѕ. Тhе аррlісаtіоn саn bе еffісіеntlу run оn ѕеvеrаl рlаtfоrmѕ ѕuсh аѕ Wіndоwѕ, mасОЅ, Аndrоіd, іОЅ, іРаdОЅ, Lіnuх, аnd wеb brоwѕеrѕ. Тhе соmраnу саmе іntо ехіѕtеnсе оn thе 13th оf Мау іn 2015,

Тhе lаnguаgе uѕеd іn dеvеlоріng this аррlісаtіоn wаѕ ЈаvаЅсrірt (wіth Rеасt), Еlіхіr, Руthоn, Ruѕt, еtс. Іt іѕ рrеѕеntlу in seven lаnguаgеѕ. Іn 2019, Dіѕсоrd dесlаrеd thаt thеу thеn саtеr tо аrоund 250 Міllіоn uѕеrѕ. Thе uѕеrѕ аrе rеgіѕtеrеd оn mоbіlе аnd othеr wеb рlаtfоrmѕ. Тhеу аlѕо ѕроkе аbоut оthеr gаmеѕ ѕuсh аѕ РUВG Моbіlе, Сlаѕh Rоуаlе, Rainbow 6 Ѕіеgе, Міnесrаft, Ѕреllbrеаk, аnd Fоrnіtе.

Discord’s inception

Suppose уоu hаvе а grеаt іntеrеѕt іn vіdео gаmеѕ аnd lоvеѕ tо рlау thеm, уоu muѕt knоw аbоut thе fеаturеѕ thаt Dіѕсоrd gіvеѕ tо іtѕ uѕеrѕ, аnd thіѕ ѕоftwаrе іѕ јuѕt lіkе а Ѕkуре оf оnlіnе gаmеrѕ. Dіѕсоrd іѕ а рорulаr аnd wеll-сhеrіѕhеd іnѕtаnt mеѕѕаgіng аnd dіgіtаl dіѕtrіbutіоn platform, сrеаtеd fоr соmmunіtіеѕ.

Ву uѕіng thе аррlісаtіоn, uѕеrѕ саn соmmunісаtе vіа mеѕѕаgіng, vоісе саllѕ, аnd vіdео саllѕ аnd ѕhаrе mеdіа аnd fіlеѕ. Ѕеrvеrѕ аrе аn ассumulаtіоn оf реrѕіѕtеnt vоісе сhаt сhаnnеlѕ аnd сhаt rооmѕ. Тhіѕ аррlісаtіоn wаѕ еѕtаblіѕhеd оn thе 13th оf Мау іn 2015 by Јаѕоn Сіtrоn аnd Ѕtаn Vіѕhnеvѕkіу, аnd nоw іt іѕ аvаіlаblе іn аlmоѕt 27 lаnguаgеѕ оn vаrіоuѕ рlаtfоrmѕ.

Тhe founders of Discord dеvеlореd thіѕ аррlісаtіоn tо ѕоlvе thе рrоblеm оf frіеndѕ whо trу tо соmmunісаtе whіlе рlауіng оnlіnе gаmеѕ. Воth thе fоundеrѕ оf thе Dіѕсоrd hаvе а grеаt fаѕсіnаtіоn wіth рlауіng vіdео gаmеѕ.

Net worth and earnings of discord in 2022

The Discord app has been around for quite some time and has primarily been a source of communication for gamers, alongside many other categories of users. The app has notably grown over the years and currently holds impressive usage statistics.

Every week, millions of servers on Discord are operational with tons of active users, ranging from video games, gaming PCs, business, art, and many more. Moreover, the company has garnered over $482 million in total funding. It is currently worth $15 billion, rivaling firmly established websites like Reddit.

Without keeping you awaited, let’s now dig into the statistical data of Discord that shows its worth and other essential details.

Key statistics for 2022

Following are the key statistics that you would want to know about Discord:

  • Discord has raised over $482 million in VC funding to date.
  • Discord has over 150 million monthly active users.
  • The company reported a revenue of $130 million in 2020.
  • Over 960 million messages are sent on the platform every day.
  • Discord was valued at $7 billion in 2020 and is now on track for $15 billion by 2021.
  • There are over 19 million active servers on Discord every month.

Revenue, user, funding, and server statistics in 2022

These statistics will give a clear overview of multiple factors, including Discord’s popularity and success, such as the average time users spend on Discord, annual revenue, it’s worth, acquisition, and several other factors. Let’s dig deeper into these factors.

Average time spent on discord in 2022

The platform’s users have no problem spending time with the application. According to Discord statistics, the standard Discord user in the United States spends 280.6 minutes per month on the site, roughly 5 hours each month, or 9 minutes per day, to be precise. This number is expected to increase with the applications’ popularity.

Discord’s annual revenue

Although investing years in creating new avenues for monetization, the company has generated a fair amount of money due to establishing a clear revenue strategy. Discord Nitro was formed in January 2017 by the company, and for a monthly membership price of $4.99, users got numerous benefits over non-paying Discord members.

The platform continued to expand on this, and in October 2018, they rebranded that offer “Discord Nitro Classic” and introduced an improved “Discord Nitro” for $9.99/month. The founders of Discord did not stop there, as  Discord launched Server Boosts in June 2019, which provided additional functionality to a server for a $4.99/month charge.

In addition, Discord also introduced a vast selection of stickers you use for a fee. You can see that Discord is on an upward trend as they reported $45 million in revenue for 2019 and $130 million for 2020, according to statistics found in Discord.

Discord’s net worth – 2022

Discord statistics were valued at $7 billion at one of Discord’s 2020 fundraising rounds. Nevertheless, due to its increased popularity since then, this will alter dramatically with its positive trajectory.

According to online sources, Dragoneer Investment Group planned to spearhead an investment that would value Discord at approximately $15 billion in August 2021. Growth for the platform has been exponential within the last few years, and the pandemic may have had something to do with it since everyone was in quarantine for so long.

Acquisitions

Aside from its internal endeavors with its application, Discord has had some other interests for Discord. The company acquired three organizations throughout the years to expand on its empire. They bought Blitz App in November 2018, Sentropy in June 2021, and Ubiquity6 in July 2021.

Ubiquity6 uses computer vision to provide massively multiplayer, persistent augmented reality experiences on top of the physical environment. Blitz App is an AI-powered personal gaming coach for League of Legends, Valorant, CSGO, Fortnite, and a few other games.

Although the company started as a simple means of communication, they’ve grown an extremely loyal customer base and influence in its market space.

Monthly active users

Since May of 2019, Discord statistics have shown that it has gone from 56 million monthly users to over 140 million and counting. This is another factor in allowing the company to raise funding over time. To put it simply, Discord has a proven track record, and that’s been dramatically benefiting its growth.

Is Discord safe?

Unlike social media platforms, Discord does not use any algorithm to control what people see on their newsfeeds. There is no news feed, no endless scrolling, likes, shares, and things going viral. Discord is a place dedicated to talking and hanging out with your friends, family, and communities. Millions of diverse communities are on Discord, from small groups of old friends to massive servers where hundreds of thousands of people can connect over shared interests.

Discord works strictly to maintain its app safe for the people and community who use it. The founders make sure Discord has the ability for everyone to have a safe, secure, positive, and inclusive experience. For that to happen, everyone must agree to a set of rules that govern interactions on Discord. When you sign up to Discord, you agree to follow the set rules and refrain from behavior not allowed on the service.

The creators work hard to ensure everyone on Discord can have meaningful conversations and spend time with their communities in a safe, positive, and inclusive manner.

  • All conversations are opt-in: Unlike other platforms where someone might message you or find you when you sign up for an account, this isn’t the case on Discord. Every person who signs up needs to accept another user as a friend before messaging them. For servers, they need to decide to join a community before being messaged by anyone on that server.
  • The vast majority of servers are invite-only and private: An outsider cannot guess the link to a specific server, and invitation links expire after a maximum of 24 hours. Discord only lets users search for public servers. All searchable servers have been vetted by Discord staff and are required to maintain healthy and positive communities to remain publicly available.
  • Conversations between users are private but not secret: We do not proactively read direct messages between users or exchanges on a server. We do not collect data for monetization purposes or to build user profiles. However, discussions on Discord are not end-to-end encrypted. When we are alerted to an issue, we investigate the behavior and take action.
  • We have a zero-tolerance policy for lousy behavior: When we are alerted to a violation of our rules, we investigate and take action. We also work to identify illegal behavior and terminate it proactively.
  • Discord is not an anonymous platform: Users are identified by their username, chosen by the user, followed by a # and a four-digit number, known as their Discord tag. Discord doesn’t ask for anyone’s real name, but we can track who is responsible for what by tying usernames to verified email addresses and IP addresses.
  • Users are in control of their experience on Discord: People come to Discord for different purposes, and we want them to tailor their experience on Discord to their own needs. We are continuously building products to let our users control their level of security and privacy.

Dangers of discord

Though Discord can be a positive space, some aspects should give every parent serious pause.

Discord is challenging to moderate

Discord is dangerous for the same reasons as many other private communication apps. Real-time communication is difficult to control. Audio and video streams are gone right after they happen (unless someone is recording–another problem!).

Content moderation is mainly done on the individual server, so groups have different standards, and some are enforced better than others. Users can report problems directly to Discord, but that takes time, and your child may be exposed to adult content before you take it down.

Discord makes it easy for predators to contact children

Like any place on the internet where you can meet strangers, people on Discord can lie about who they are. Predators can stalk children by chatting with them on a kid-friendly channel, then taking the conversation to direct messages which do not have moderators.

Discord makes cyberbullying even easier.

As mentioned before, audio and video streams on Discord disappear. That makes it a prime place for cyberbullying to occur without leaving any evidence. Kids can also use Discord for bullying by creating closed groups to exclude kids and share cruel memes and photos.

Four steps to safe and secure discord account

On Discord, you get to choose the friends and communities you talk with. A crucial part of making this happen is setting up your account. With the below instructions, you will create your account as safely as possible.

1.    Secure your account

First, Discord ensures that your account credentials and login information are as secure as possible.

Choose a secure password
  • Having a strong password is key to protecting your account. Choose a long password with a mix of uppercase letters, lowercase letters, and special characters that are hard to guess and that you do not use for anything else.
  • We recommend checking out password managers like 1Password (Mac) or Dashlane (Windows), making creating and storing secure passwords extremely easy.
Consider enabling two-factor authentication (2FA)
  • Two-Factor Authentication (2FA) is the most secure way to protect your account. You can use Google Authenticator, Authy, and other authenticator apps on a mobile device to authorize access to your account. Once you enable 2FA, you will have the option to further increase your account’s security with SMS Authentication by adding your phone number to your Discord account.
  • You can enable 2FA in your User Settings.

2.    Set your privacy and safety settings

Your privacy settings are critical. They give you control over who can contact you and what they can send you. You can access them by going into your User Settings and selecting Privacy & Safety.

Explicit content media settings

Here you can decide what kind of content you are comfortable seeing.

  • Keep me safe: With this setting, images and videos in all direct messages get scanned by Discord, and explicit content is blocked. This setting is on by default.
  • My friends are nice: With this setting, all direct messages sent by users, not on your Friends List are scanned, and explicit content gets blocked.
  • Do not scan: With this setting, none of the direct messages you receive will be reviewed or blocked for explicit content.
Direct messages (DM) settings
  • You might only want certain people to contact you. By default, whenever you are on a server with someone else, they can send you a direct message (DM).
  • You can toggle direct messages from server members to block DMs from users in a server who are not on your friends’ list. If you joined any servers before turning this off, you would need to adjust your DM settings individually for each server that you have joined.
  • To change this setting for a specific server, select privacy settings on the server’s dropdown list and toggle allow direct messages from server members.
Friend request settings

The last thing to do in your security settings is to determine who can send you a friend request.

  • Everyone – Selecting this option means that anyone who knows your Discord Tag or is on a mutual server with you can send you a friend request. This is handy if you do not share servers with someone and let them friend you with your Discord Tag.
  • Friends of Friends – Selecting this means that for anyone to send you a friend request, they must have at least one mutual friend with you. You can view this in their user profile by clicking the Mutual Friends tab next to the Mutual Servers tab.
  • Server Members – Selecting this means users who share a server with you can send you a friend request. Unselecting this means that someone can add you with a mutual friend.

3.    Follow safe account practices

As with any online interaction, we recommend following some simple rules while you’re on Discord:

Be wary of suspicious links and files
  • Don’t click on links that look suspicious or appear to have been shortened or altered. Discord will try and warn you about questionable links, but it’s no substitute for thinking before you click.
  • Don’t download files or applications sent by users you do not know or trust. Were you expecting a file from someone? If not, do not click the file!
  • Don’t open a file that your browser or computer has flagged as potentially malicious without knowing it’s safe.
Never give away account information
  • Don’t give away your Discord account login or password information to anyone. Discord never asks for your password and your token, and you should never give that to anyone.
  • Don’t give away account information for any account you own on any platform to other users on Discord. Malicious individuals might ask for this information and use it to take over your accounts.
  • DO report any accounts that claim to be Discord staff or who ask for account information to the Trust & Safety team.

4.    Block other users when needed

We understand that there are times when you might not want to interact with someone. We want everyone to have a positive experience on Discord and have you covered in this case.

How does blocking work?
  • When you block someone on Discord, they will be removed from your friend’s list (if they were on it) and will no longer be able to send you DMs.
  • Any message history you have with the user will remain, but any new messages the user posts on a shared server will be hidden from you, though you can see them if you wish.

Conclusion

In the past couple of years, Discord has been successful. Due to the covid-19 pandemic, everyone stays online either for work or to communicate with friends or family. Jason Citron guided his team enough to take this business to the peak of success. Discord took the extra step to amalgamate numerous features into a single, user-friendly application. Their inclusion of servers, provisions of roles, voice channels, text channels, developer tools, and communities are unique to Discord, which makes it all the more attractive to users.

With the rising fame of this app, people have been curious to know who owns Discord? Jason Citron and Stanislav Vishnevskiy are the co-founders of Discord. However, each share is unknown to the public as of yet.

Charles Bains

Charles Bains

Charles Bains started his insurance career as a marketing intern before pounding the pavement as a commercial lines agent in Orlando, FL. As an industry journalist, his articles have appeared in a variety of trade publications. His insurance television career, short-lived but glorious, once saw him serve as the expert adviser on an insurance-themed infomercial (yes, you read that correctly). Having recently worked for various organizations, coupled with his broader insurance knowledge, Charles is able to understand our client’s needs and guide them accordingly. He is a gem for Insurance Noon as his wide area of expertise and experience have been beneficial in conducting further researches to come up with solutions and writing them in a manner which is easy for everyone including beginners to comprehend.