Discord, the most popular group chat program for video players, is now valued at $2.05 billion after raising $150 million in a brand-new financing round, it revealed on Friday. The round was led by Greenoaks Capital and likewise consists of involvement from Firstmark, Tencent, IVP, Index Ventures, and Innovation Chance Partners.

Because its launch in 2015, Discord has actually attracted more than 200 million users worldwide. The chat program provides a range of remarkable functions free of charge, and lets users develop and personalize their own voice and text chat channels. It’s turned into one of the best locations for online neighborhoods to collect. The business was last valued at $1.65 billion in a financing round previously this year.

Having actually developed a substantial userbase, Discord introduced a brand-new online shop within the chat platform previously in October. Most of the video games used in the shop originated from independent designers, and Discord just recently revealed that developers would make 90% of the income produced from each sale. Those who register for Discord’s “Nitro” service pay $99/ year or $9.99/ month to acquire limitless access to more than $1,000 worth of video games from the shop, and acquire extra chat functions.

Significantly, this brand-new shop locations into competitors with some market heavyweights: The Discord Shop goes right up versus Steam, by far the biggest PC digital video games shop, in addition to the brand-new Legendary Games, from the developers of “Fortnite.” In a quote to win designer assistance, Discord and Legendary alike are providing designers more beneficial terms than Steam, which generally takes a 30% cut of all sales.

At the very same time, Discord has actually courted debate. The open and fairly confidential nature of the platform has actually led white supremacists and other troublesome groups to collect on Discord. It was reported that the white supremacist group behind the notorious Unite the Right rally in Charlottesville, Virginia in 2017 utilized Discord to arrange and strategy

Find Out More: A popular chat app simply closed down a significant online hangout for the alt-right after Charlottesville

Discord has actually attempted to combat back versus bad stars on the platform, prohibiting recognized servers related to white supremacy and hate speech, while likewise working to impose regards to service that forbid those habits. Still, those neighborhoods are stated to still stick around on the service.

Though the platform began as a specific niche app for players, Discord has actually protected a grip as one of the most popular chat services on the planet. As the platform continues to grow, the business will be challenged by an inviting broader variety of neighborhoods while working to remain real to its core userbase.

When it comes to the future of Discord: It’s been reported that the business has actually been checking out a sale, though it’s uncertain how raising this financing would impact its intents because regard.