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Illustration: Sarah Grillo/Axios

Clubhouse, the voice chat app that's captivated Silicon Valley's elite, has agreed to a new $12 million investment led by Andreessen Horowitz, Axios has learned from multiple sources.

Why it matters: Several top-tier venture capital firms competed for the deal, with some even offering more than the $100 million valuation Clubhouse secured from Andreessen Horowitz. They view the app as a cross between Slack and sports talk radio, with users able to drop in and out of conversations.

  • Andreessen Horowitz partner Andrew Chen will take a seat on Clubhouse's board.
  • The firm might have strengthened its position over the weekend, when it recruited comedian Kevin Hart to sign on for a few minutes.

The bottom line: What made this deal particularly interesting is that it's largely played out on Clubhouse, which remains invite-only for now, over the past couple weeks.

  • The only way to really understand the app is to use it, so venture capitalists (including from Andreessen Horowitz, Benchmark, and Greylock) have been holding court — conducting due diligence in plain sight.

Go deeper

Scoop: Google won't donate to members of Congress who voted against election results

Sen. Ted Cruz led the group of Republicans who opposed certifying the results. Photo: Stefani Reynolds/Pool/AFP via Getty Images

Google will not make contributions from its political action committee this cycle to any member of Congress who voted against certifying the results of the presidential election, following the deadly Capitol riot.

Why it matters: Several major businesses paused or pulled political donations following the events of Jan. 6, when pro-Trump rioters, riled up by former President Trump, stormed the Capitol on the day it was to certify the election results.

2 hours ago - Politics & Policy

Minority Mitch still setting Senate agenda

Illustration: Aïda Amer/Axios

Chuck Schumer may be majority leader, yet in many ways, Mitch McConnell is still running the Senate show — and his counterpart is about done with it.

Why it matters: McConnell rolled over Democrats unapologetically, and kept tight control over his fellow Republicans, while in the majority. But he's showing equal skill as minority leader, using political jiujitsu to convert a perceived weakness into strength.