Now, after a competitive funding round that pitted two of Silicon Valley’s best-known venture capital firms, Clubhouse is valued at $100 million. Andreessen Horowitz partner Andrew Chen is set to join Clubhouse’s board. Andreessen Horowitz and Clubhouse declined to comment. Partners from Andreessen Horowitz and other leading firms have been seen, heard, and tweeted copiously about Clubhouse. “It was a two-horse race between Benchmark and Andreessen Horowitz,” says an investor familiar with Clubhouse and the raise.

Source: Forbes May 15, 2020 16:02 UTC