Reddit was founded in 2005 by Steve Huffman, Alexis Ohanian, and Aaron Swartz. According to Reuters in January 2024 Reddit is seeking an IPO. The Reuters report stated, “It would be the first IPO of a major social media company since Pinterest's (PINS.N), opens new tab debut in 2019.”
Reddit is a social media platform with a focus on news aggregation, web content ratings, and discussion. Per Forge data, Reddit raised $1.3 billion in funding over 10 rounds. Their latest funding was raised on Aug 12, 2021, from a Series F round. Key investors include Vy Capital, Tencent, Y Combinator, and Fidelity Management and Research Company.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
08/30/2021 | Series F-1 | $178.46MM | $xx.xx | $10.02B | Fidelity Investments | |
Price per Share
$xx.xx
Shares Outstanding
2,887,920
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Fidelity Investments
|
||||||
08/30/2021 | Series F | $231.54MM | $xx.xx | $10.02B | Fidelity Investments | |
Price per Share
$xx.xx
Shares Outstanding
3,746,985
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Fidelity Investments
|
||||||
02/23/2021 | Series E | $367.95MM | $xx.xx | $5.63B | Andreessen Horowitz, Sequoia Capital, Tencent, Vy Capital | |
Price per Share
$xx.xx
Shares Outstanding
8,662,900
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Andreessen Horowitz, Sequoia Capital, Tencent, Vy Capital
|
||||||
02/11/2019 | Series D | $150MM | $xx.xx | $3.3B | Tencent, Venturesouq | |
Price per Share
$xx.xx
Shares Outstanding
6,916,809
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Tencent, Venturesouq
|
||||||
02/11/2019 | Series D-1 | $150MM | $xx.xx | $3.3B | Tencent, Venturesouq | |
Price per Share
$xx.xx
Shares Outstanding
6,916,809
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Tencent, Venturesouq
|
||||||
07/31/2017 | Series C | $158.9MM | $xx.xx | $1.8B | Advance Publications, Alrai Capital, Andreessen Horowitz, Coatue Management, Fidelity Investments, Sequoia Capital | |
Price per Share
$xx.xx
Shares Outstanding
10,073,589
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Advance Publications, Alrai Capital, Andreessen Horowitz, Coatue Management, Fidelity Investments, Sequoia Capital
|
||||||
09/19/2014 | Series B | $50MM | $xx.xx | $500MM | A.Capital Ventures, Alfred Lin, Andreessen Horowitz, Marc Andreessen | |
Price per Share
$xx.xx
Shares Outstanding
7,983,267
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
A.Capital Ventures, Alfred Lin, Andreessen Horowitz, Marc Andreessen
|
||||||
11/29/2012 | Series A-1 | $679,973.00 | $xx.xx | $400.65MM | 500 Startups, Ellen Pao, Initialized Capital Management, Jawed Karim, Mark Hager | |
Price per Share
$xx.xx
Shares Outstanding
114,746
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
500 Startups, Ellen Pao, Initialized Capital Management, Jawed Karim, Mark Hager
|
||||||
11/29/2012 | Series A | $20MM | $xx.xx | $399MM | Foundation Capital, Mission Bay Capital, Zygote Ventures | |
Price per Share
$xx.xx
Shares Outstanding
7,500,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.8x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Foundation Capital, Mission Bay Capital, Zygote Ventures
|