Tech Company Financing Transactions
Reddit Funding Round
On 8/1/2017, Reddit landed $200 million in funding from Andreessen Horowitz, Coatue Management and Fidelity Insurance Company.
Transaction Overview
Company Name
Announced On
8/1/2017
Transaction Type
Venture Equity
Amount
$200,000,000
Round
Undisclosed
Investors
Andreessen Horowitz (Marc Andreessen)
Sequoia Capital (Alfred Lin)
SV Angel (Ronald Conway)
Y Combinator (Sam Altman)
Proceeds Purpose
The capital will be used to redesign Reddit's famously cluttered homepage. The company also plans to pour more resources into user-uploaded video.
Company Information
Company Status
Private & Independent
Industry
Internet & IoT
Mailing Address
520 3rd St.
San Francisco, CA 94107
USA
San Francisco, CA 94107
USA
Phone
Undisclosed
Website
Email Address
Overview
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.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Steve Huffman
Co-Founder
Alexis Ohanian
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Where The Data Comes From
We record all VC transactions involving tech companies. VC investment data records reported here are derived from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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