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Audio-based social app Clubhouse said today it has raised new funding from the venture firm Andreessen Horowitz to help the startup scale up by hiring more people and investing in creators.
The amount of the Series B round for the company, formally named Alpha Exploration Co., was not disclosed, though a source told Axios it was about $100 million.
The Information reported Friday that Clubhouse had been in discussions before the round on a valuation of $1 billion but exactly how much it raised is a guess. Clubhouse had raised $12 million in a Series A round on a $100 million valuation last May.