Reddit

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

Highlights

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

Number of Funding Rounds

Total Funding Amount

11

$1.32B

Reddit has raised a total of $1.32B in funding over 2 rounds. Their latest funding was raised on Aug 12, 2021 from a Series F round.

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

Number of Investments

Number of Lead Investments

1

0

Reddit has made 1 investments. Their most recent investment was on Apr 3, 2014, when Imgur raised $40M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Apr 3, 2014 Imgur	Series A	$40M	Digital Entertainment	—

Investors

Number of Lead Investors

Number of Investors

4

33

Reddit is funded by 33 investors. Fidelity Management and Research Company and Vy Capital are the most recent 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

Number of Employee Profiles

70

Reddit has 70 current employee profiles, including Employee Juan Pablo Lozano Gómez

Juan Pablo Lozano Gómez

Employee

Employee

Employee

Employee

Employee

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