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About
Reddit is an online platform that enables users to submit links, create content, and have discussions about the topics of their interest.
- San Francisco,California,United States
- 501 - 1000
- https://www.redditinc.com
Details
- Last Funding Type
- Series B
- Last Funding Money Raised
- $50M
- Industries
- Content,News,Social Media,Social Network
- Founded date
- Jan 1, 2005
- Number Of Employee
- 501 - 1000
- Operating Status
- Active
- Legal Name
- Reddit, Inc.
Reddit is an online platform that enables users to submit links, create content, and have discussions about the topics of their interest.Users can post links to content on the web and then the other users can vote the posted links up or down, causing them to appear more or less prominently on the site’s home page. The site has discussion areas where users can discuss the posted links, and vote for or against others’ comments. When there are enough votes against a given comment, it will not be displayed by default, although a reader can display it through a link or preference. Users who submit articles that other users like and subsequently "vote up" receive "karma", points which a user receives as a reward for submitting interesting articles.The posts on the site are classified under topics such as random, gadgets, sports, gaming, pics, videos, music, funny, movies, books, history, food, philosophy, television, jokes, art, and more. Reddit also includes several topical sections called subreddits, which focus on specific topics, including programming, science, and politics.Reddit was launched in 2005 by Alexis Ohanian and Steve Huffman and is based in San Francisco, California.
Funding Rounds
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Aug 12, 2021 | Series F | $410M | 3 |
Fidelity Management and Research Company
|
— | Detail |
| Feb 23, 2021 | Series E | — | 2 | — | — | Detail |
| Nov 1, 2020 | Secondary Market | — | 1 | — | — | Detail |
| Feb 8, 2020 | Series E | $367.94M | 4 |
Vy Capital
|
— | Detail |
| Feb 11, 2019 | Series D | $300M | 4 |
Tencent
|
— | Detail |
Investments
Investors
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
Fidelity Management and Research Company
|
Yes | Series F |
|
Vy Capital
|
Yes | Series E |
Bienville Capital
|
— | Series F |
Quiet Capital
|
— | Series F |
Puget Sound Venture Club
|
— | Series E |
Kjøller
|
— | Secondary Market |
Andreessen Horowitz
|
— | Series E |
Sequoia Capital
|
— | Series E |
|
Tencent
|
— | Series E |
Fidelity
|
— | Series D |
Employee Profiles
Exits
Reddit has had 1 exits. Reddit most notable exits include Imgur
| Date | Company Name | Exit Type | Industry | |
|---|---|---|---|---|
| Sep 27, 2021 | Imgur | M&A | Digital Entertainment | Detail |
Acquisition
Reddit has acquired 7 organizations. Their most recent acquisition was RedditGifts on Aug 23, 2011. They acquired RedditGifts for 0.
|
Date
Company Name
|
Industry | Acquisition Type | Price | |
|---|---|---|---|---|
|
Aug 23, 2011
RedditGifts
|
Gift Card | — | — | Detail |
|
Oct 16, 2014
Alien Blue
|
Communities | acquisition | — | Detail |
|
Dec 14, 2020
Dubsmash
|
Digital Entertainment | acquisition | — | Detail |
|
Jun 16, 2022
Spell
|
Artificial Intelligence | acquisition | — | Detail |
|
Jul 2, 2022
MeaningCloud
|
Artificial Intelligence | acquisition | — | Detail |
