Andreessen Horowitz Values Clubhouse at $4 Billion With DST, Tiger

Andreessen Horowitz is valuing the social media app Clubhouse at $4 billion in a round of financing with new investors DST Global and Tiger Global Management, according to a person familiar with the matter.

The round triples Clubhouse’s valuation from January, in a deal Andreessen Horowitz also led, and comes as rivals Twitter and Spotify roll out their own audio chat features. Clubhouse can raise up to $200 million by selling its shares to investors in the round, according to company documents recently filed with the state of Delaware. It’s unclear if existing shareholders such as employees are also selling their stock to new investors as part of the funding process.