Reddit to Raise Up to $700 Million in New Funding, Valuing Site at More Than $10 Billion
Todd Spangler NY Digital EditorReddit announced that it is raising up to $700 million in new funding, giving the community-discussion site a post-money valuation of more than $10 billion, the company said.Reddit, founded in 2005, has raised $410 million in funding to date. The new Series F funding, led by previous investor Fidelity Management and Research Co., includes participation from previous investors.