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.

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What is Reddit's funding to date?

Reddit has raised $1.31B to date.
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When was Reddit founded?

Reddit was founded in 2005.

Reddit funding rounds and last known valuation

Date Funding Round Funding Raised Price per Share Last Known Valuation
8/30/2021

Series F and F-1

$410MM raised $XXX.XX $XXX.XX
2/23/2021

Series E

$367.95MM raised $XXX.XX $XXX.XX
2/11/2019

Series D and D-1

$300MM raised $XXX.XX $XXX.XX
7/31/2017

Series C

$158.9MM raised $XXX.XX $XXX.XX
9/19/2014

Series B

$50MM raised $XXX.XX $XXX.XX
11/29/2012

Series A and A-1

$20.68MM raised $XXX.XX $XXX.XX
Based on primary financings
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Updated on: Oct 25, 2024

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