+1-650-457-5617meetings@svicenter.com
+1-650-457-5617
meetings@svicenter.com

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Operator of a social media platform designed to bridge communities and individuals with ideas, latest digital trends and breaking news

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Reddit

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Operator of a social media platform designed to bridge communities and individuals with ideas, latest digital trends and breaking news. The company's open-source portal allows formation of communities of like-minded readers who are moderated by volunteers, as well as channels for advertisement, enabling users to post content, as well as remark and vote on the content posted by others.

Year Founded
2005
Employees
350
RevenueFY 2018
$100 M
General Information
  • Website

    http://reddit.com

  • Business Status

    Generating Revenue

  • Ownership Status

    Privately Held (backing)

  • Financing Status

    Venture Capital-Backed

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Reddit Status

The company raised $200 million in a combination of Series B and Series C venture funding led by Andreessen Horowitz and Sequoia Capital on July 31, 2017, putting the company's pre-money valuation at $1.6 billion. Coatue Management, Vy Capital, Advance Publications, Sam Altman, Alrai Capital, Craft Ventures, Mark VC, Ronald Conway, Bracket Ventures Management and Fidelity Investments also participated in the round. The funding will be used to launch several new unspecified product and business plans including redesigning the company's homepage and allowing user-uploaded videos. Taurus Ventures also participated.

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Headquarters
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  • HQ Address Line 1
    548 Market Street
  • HQ Address Line 2
    Suite 16093
  • HQ City
    San Francisco
  • HQ State/Province
    California
  • HQ Post Code
    94104
  • HQ Country
    United States
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