Monday, July 31, 2017

Reddit Lands $200M Funding Round, Says Report

San Francisco-based Reddit has raised a $200M, new round of funding, according to a report on Monday, which says the round values the company at over $1.8 billion. Size of the funding round was not announced. The funding came from Andreessen Horowitz, Sequoia Capital, Coatue Management, Vy Capital, Fidelity, as well as angels Sam Altman (Y Combinator) and Ron Conway (SV Angel). Reddit CEO Steve Huffman disclosed the new funding in an interview with Recode.