Reddit IPO

reddit.comSocial NetworkingFounded: 2005Funding to Date: $761.58MM

Reddit was founded in 2005 by Steve Huffman, Alexis Ohanian, and Aaron Swartz. The company has not officially endorsed a plan to participate in an IPO.

Reddit is a social media platform with a focus on news aggregation, web content ratings, and discussion. The company has raised over $550 million in Venture Capital funding from investors including Plus Capital, Quiet Capital, Reshape Holdings, Tencent, Bracket Capital, Craft Ventures, Fidelity, Upshift Capital, Andreessen Horowitz, Sequoia Capital, and Y Ventures. It has been widely reported that Reddit last raised $300 million in February 2019 at a post-money valuation of $3 billion.

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Valuation

Date of Last Funding Round

February 2019

Amount Last Raised

$3.22 B

Value at Last Round

$300 MM

Total Funding to Date

$552.7 MM

Enterprise Value (based on primary financings)