Reddit

Consumer & Lifestyle

Founded: 2005

Last Round Valuation: $10.02B

Reddit is an expansive network comprising over 100,000 communities, offering individuals the opportunity to immerse themselves in a wide range of subjects aligned with their unique interests, hobbies, and passions. Within these communities, users of Reddit can actively engage by submitting content, voting on submissions, and participating in discussions pertaining to the topics they hold dear. Established in 2005, the company was co-founded by Aaron Swartz, Alexis Ohanian, and Steve Huffman, with its headquarters located in San Francisco, California.

Reddit Overview:

Reddit is a dynamic and influential online platform that fosters a diverse community of more than 100,000 communities, where individuals can explore and engage in discussions, content sharing, and voting on a vast array of topics. The platform is designed to provide users with an immersive experience tailored to their specific interests, hobbies, and passions.

At its core, Reddit is built upon user-generated content and user participation. Members of the Reddit community, known as "Redditors," have the ability to submit posts, share links, and create discussions on a wide range of subjects. These posts can encompass various formats, such as text, images, videos, and links to external content. Redditors can also vote on posts and comments, indicating their approval or disapproval, which influences the visibility and ranking of the content within the community.

The platform's structure revolves around communities, also known as "subreddits," which are dedicated to specific topics or themes. These subreddits serve as spaces for users to connect, engage, and share content with others who have similar interests. There is a vast range of subreddits covering diverse subjects, including technology, science, gaming, arts, entertainment, politics, and many more. This diversity allows users to find and connect with like-minded individuals, fostering a sense of community and facilitating meaningful discussions.

Reddit is renowned for its democratic approach to content curation. The voting system enables the community to collectively determine the visibility and prominence of posts and comments. Upvoting indicates approval and helps increase the visibility of a post, while downvoting reflects disapproval and can lead to reduced visibility. This system aims to surface high-quality and relevant content while minimizing the impact of low-quality or inappropriate contributions.

In addition to user-generated content, Reddit also serves as a hub for news, discussions, and Q&A sessions with notable individuals through its "Ask Me Anything" (AMA) format. This allows users to engage directly with celebrities, experts, and public figures, posing questions and receiving firsthand insights and perspectives.

Founded in 2005 by Aaron Swartz, Alexis Ohanian, and Steve Huffman, Reddit has grown into a widely recognized and influential platform. Its headquarters are based in San Francisco, California. The platform has gained significant popularity due to its ability to empower individuals, facilitate meaningful conversations, and provide a space for diverse communities to connect, share, and learn from one another.

Founders:

  • Aaron Swartz

  • Alexis Ohanian

  • Steve Huffman

Top Investors:

  • Fidelity Investments

  • Tencent

  • Andreessen Horowitz

  • Sequoia Capital

  • VentureSouq

  • Advance Publications

  • Alrai Capital

  • A.Capital Ventures

  • Alfred Lin

  • Foundation Capital

  • Mission Bay Capital

  • Zygote Ventures

  • Peter Thiel

  • Marc Andreessen

  • Ellen Pao

  • Y Combinator

  • Sam Altman

  • Initialized Capital Management

  • 500 Startups

Funding History:


Date Share Type Amount Raised Raised to Date Issue Price Post Money Valuation Key Investors
Aug 2021 Series F-1 $178.46MM $1.08B $61.79 $10.02B Fidelity Investments
Aug 2021 Series F $231.54MM $1.13B $61.79 $10.02B Fidelity Investments
Feb 2021 Series E $367.95MM $897.53MM $42.47 $5.63B Andreessen Horowitz, Sequoia Capital, Tencent
Feb 2019 Series D $150MM $379.58MM $21.69 $3.3B Tencent, VentureSouq
Feb 2019 Series D-1 $150MM $379.58MM $21.69 $3.3B Tencent, VentureSouq
Jul 2017 Series C $158.9MM $229.58MM $15.77 $1.8B Advance Publications, Alrai Capital, Andreessen Horowitz
Sep 2014 Series B $50MM $70.68MM $6.26 $500MM A.Capital Ventures, Alfred Lin, Andreessen Horowitz
Nov 2012 Series A $20MM $20MM $2.67 $399MM Foundation Capital, Mission Bay Capital, Zygote Ventures
Nov 2012 Series A-1 $679.97K $679.97K $5.93 $400.65MM 500 Startups, Ellen Pao, Initialized Capital Management

In the News:

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