Reddit Lands $50,000,000 New Financing Round

  • Feed Type
  • Date
    10/1/2014
  • Company Name
    Reddit
  • Mailing Address
    520 3rd St. San Francisco, CA 94107 USA
  • Company Description
    Reddit is a social news website that displays news based on personal preferences and community likes. It operates this system based on the history of users voting stories up or down. Reddit provides news, information, insight, and articles related to a wide range of topics.
  • Website
    http://www.reddit.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $50,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Reddit will use the money to expand its development on projects and new features, it’ll also use some to “expand our community management team” and “build out better moderation and community tools.”
  • M&A Terms
  • Venture Investor
  • Venture Investor
  • Venture Investor
  • Venture Investor
  • Venture Investor
  • Venture Investor
  • Venture Investor
  • Venture Investor
  • Venture Investor
  • Venture Investor
  • Venture Investor
  • Venture Investor

Trending on Xconomy