About Reddit
Reddit is a Media & Entertainment company based in San Francisco (United States) founded in 2005 by Aaron Swartz, and was acquired by Conde Nast in October 2006. Content is shared and discussed across user-driven communities. It operates on a Advertising Model model. Reddit has raised $1.62 billion across 8 funding rounds from investors including Fidelity Investments, Tencent and Conde Nast. Reddit has completed 5 acquisitions, including Dubsmash, MeaningCloud and Memorable. Reddit was last valued at $10 billion in August 2021. Its website reddit.com draws about 4389.7 million monthly visits. Reddit offers products and services including Reddit Platform. Its focus areas include Technology, Internet Services and Social Media. Its legal entity is Reddit, Inc. Its competitors include FANDOM, Amino Apps and Whisper; 3 of its 3 listed competitors have raised funding.
Company details
Reddit is managed as a leading online platform for user-generated content and community discussions. It is utilized across various sectors including entertainment, technology, and news. Diverse topics are covered by communities, enabling users to share, discuss, and engage with content globally.
- Headquarters San Francisco, United States
- Founders Aaron Swartz
- Stage Acquired
- SectorsMedia & Entertainment
- Website category Computers Electronics and Technology · Social Networks and Online Communities
- Email••••••••
- Website reddit.com
- Social LinkedIn X Facebook
- Acquired by Conde Nast (Oct 2006)
- Legal Name Reddit, Inc.
- Total Equity Funding$1.62B (USD)
in 8 rounds
- InvestorsFidelity Investments
& 26 more
- Investments & AcquisitionsDubsmash
& 4 more
- Acquired byConde Nast
(Oct 2006)
Products & Services of Reddit
Reddit offers a comprehensive portfolio of products and services, including Reddit Platform.
A platform for community discussions and content sharing.
Apps and channels of Reddit
Reddit publishes 3 mobile apps with over 100.2M+ downloads.
Funding Insights of Reddit
Reddit has successfully raised a total of $1.62B across 8 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.62B
- Total Rounds 8
- First Round $100,000
(Jun 2005)
- Investors Count 26
All 8 funding rounds of Reddit with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2023 | Series F | – | – | ||
| Aug 2021 | $700M | Series F | $10B | Fidelity Investments | – |
| Feb 2021 | $367.95M | Series E | $6B | Vy Capital | |
| Feb 2019 | $300M | Series D | $••••• | Tencent | |
| Jul 2017 | $200M | Series C | $••••• | Coatue, Vy Capital | |
| Sep 2014 | $50M | Series B | – | Sam Altman | |
| Jan 2014 | Series A | – | – | ||
| Jun 2005 | $100,000 | Seed | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2021 | $10B | •••••••• |
| Feb 2021 | $6B | •••••••• |
| Feb 2019 | $••••• | •••••••• |
| Jul 2017 | $••••• | •••••••• |
Full valuation and stage history of Reddit
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $10B (Aug 2021). 27 investors in total: 15 institutional and 12 angel.
Investors in Reddit
Reddit has secured backing from 27 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Fidelity Investments, Tencent and Conde Nast.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Catamaran is engaged in venture capital and private equity investments. | catamaran.in | Bengaluru, India | ||
Investment services are provided for maximizing gains over time. | vycapital.com | Menlo Park, United States | ||
Venture capital investments in technology sectors are handled by Andreessen Horowitz. | a16z.com | |||
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | ||
Investments are managed by Quiet Capital in New York. | quiet.com | New York, United States | ||
Early-stage companies are invested in by A.Capital Ventures. | acapital.com | Menlo Park, United States | ||
Provider of an investment platform for various stages | coatue.com | New York, United States | ||
Early-stage startups are accelerated via funding and educational programs. | ycombinator.com | Mountain View, United States | ||
| heartcore.com | ||||
Provider of brokerage accounts, retirement planning, wealth management, and trading platforms | 1946 | fidelity.com | Boston, United States |
Investor details for Reddit
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Reddit
382 people are tracked at Reddit (167 in leadership, 7 in board & advisors, 208 in team).
| Name | Role | Group |
|---|---|---|
Aaron Swartz | Co-Founder | Leadership |
Amanda Hill | Lead Business Partner, Revenue Strategy & Operations | Leadership |
Jesse Rose | Head Of Investor Relations | Leadership |
Lisa O'Keefe | Chief of Staff to the CTO | Leadership |
Holly Dockstader | Lead Talent Acquisition Partner, Sourcing | Leadership |
Drew Vollero | CFO | Leadership |
Roxy Young | Chief Marketing Officer | Leadership |
Chris Slowe | CTO | Leadership |
Codey Schimelpfenig | Client Partner, U.s. Services | Leadership |
Tesia Sommer | Director, Business Performance Product Marketing | Leadership |
Mary Walker Baus | Senior Client Partner | Leadership |
Allie Einsidler | Senior Client Partner | Leadership |
Jen L. Wong | COO | Leadership |
Charlie Johnson | Senior Client Partner | Leadership |
Cate Spoth | Head of Inventory Management | Leadership |
Ruby Sharma | Senior Client Partner | Leadership |
Jyoti Vaidee | VP of Ad Product Management | Leadership |
Nydia M. Diaz | Senior Client Partner II | Leadership |
Jyotsna Vaidee | Vice President Of Product Management | Leadership |
Anna Ofstein | Senior Client Partner | Leadership |
362 more people are available in the full profile.
Complete people profiles for Reddit
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Reddit
Reddit has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Dubsmash, MeaningCloud and Memorable.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Branding and artificial intelligence services are provided by Memorable. | memorable.io | Cambridge, United States | 2020 | Aug 2024 | •••• | |
AI-based consumer intelligence solutions are provided for enterprises. | spiketrap.io | San Francisco, United States | 2016 | Sep 2022 | •••• | |
Text analytics solutions are developed using semantic technology and AI. | meaningcloud.com | New York, United States | 2015 | Jul 2022 | •••• | |
An MLOps platform for deep learning applications is provided. | spell.ml | New York, United States | 2017 | Jun 2022 | •••• | |
An application to record and share short lip sync videos | dubsmash.com | Berlin, Germany | 2014 | Dec 2020 | •••• |
Complete acquisition details for Reddit
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Reddit
11 dated milestones of Reddit across 19 years, from founding to its latest funding, stage changes and deals.
- Founded Reddit is founded.
- Funding First funding round of $100K.
- Exit Acquired by Conde Nast.
- Milestone Reaches Unicorn status.
- Acquisition Acquires Dubsmash.
- Milestone Reaches Decacorn status.
- Acquisition Acquires Spell.
- Acquisition Acquires MeaningCloud.
- Acquisition Acquires Spiketrap.
- Funding Latest funding round, Series F,.
- Acquisition Acquires Memorable.
Competitors of Reddit
Reddit has 3 listed competitors in our database, 3 of them funded. They include FANDOM, Amino Apps and Whisper.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| fandom.com | 2005 | San Francisco, United States | $309.44M | 199 | Online social platform for media enthusiasts | |
| aminoapps.com | 2011 | New York, United States | $72.35M | 33 | Online interest-based communities are enabled for user engagement. | |
| whisper.sh | 2012 | Santa Monica, United States | $60M | 149 | An underground music label is operated for growing talent. |
Detailed competitors of Reddit
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Reddit
The website of Reddit (reddit.com) receives about 4.4B visits a month and ranks #9 among all websites worldwide, #6 in Social Networks and Online Communities.
- Monthly visits4.4B
▲ 4.2% vs previous month
- Unique visitors663.9M
per month
- Global rank#9
among all websites
- Category rank#6
Computers Electronics and Technology · Social Networks and Online Communities
- Bounce rate44%
- Pages per visit4.6
- Average visit5 min 35 sec
- DevicesDesktop 48% · Mobile 52%
Websites whose visitors overlap most with Reddit. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| facebook.com | 100% | 12.1B | #3 | View details | |
| x.com | 94% | 4.5B | #5 | View details | |
| instagram.com | 94% | 7.1B | #4 | View details | |
| tiktok.com | 92% | 3.2B | #7 | View details | |
| discord.com | 84% | 619.2M | #46 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Reddit
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Digital Media & Publishing Platforms
3 companies that operate in the same segment as Reddit (Digital Media & Publishing Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Reward-based crowdfunding is facilitated for content creators and musicians. | 2013 | San Francisco, California, United States | USD 412.1 M | 1,218 | ||
Subscription-based platform for publishers' content management is provided. | 2017 | San Francisco, California, United States | USD 189.5 M | USD 1.45 M | 4,285 | |
Native advertising solutions are delivered via a cloud-based content platform. | 2006 | New York, New York, United States | USD 403.72 M | USD 1.3 B | 1,800 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Reddit
Complete news archive for Reddit
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Reddit
Reddit was founded in 2005.
Reddit is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Reddit is a funded company, having raised a total of $1.62B across 8 funding rounds to date. The company's 1st funding round was a Seed of $100K, raised on Jun 2005.
Reddit is managed as a leading online platform for user-generated content and community discussions. It is utilized across various sectors including entertainment, technology, and news. Diverse topics are covered by communities, enabling users to share, discuss, and engage with content globally.
Reddit's top competitors include FANDOM, Amino Apps and Whisper.
Reddit offers Reddit Platform.
Reddit has made 5 acquisitions, including Dubsmash, MeaningCloud, and Memorable.
Reddit has 27 investors. Key investors include Fidelity Investments, Tencent, Conde Nast, TACIT, and Catamaran.
The valuation of Reddit is $10B as of Aug 2021.
Reddit operates through Reddit, Inc..
Yes. Reddit was acquired by Conde Nast in October 2006.
Yes. Reddit publishes Progression - Workout Tracker and 2 more apps, with over 100.2 million downloads.