About Reddit
Reddit is a company based in San Francisco (United States) founded in 2005 by Aaron Swartz was acquired by Conde Nast in October 2006. It operates as a Advertising Model. Reddit has raised $1.62 billion across 7 funding rounds from investors including Fidelity Investments, Tencent and Conde Nast. Reddit has completed 5 acquisitions, including Dubsmash, MeaningCloud and Memorable. Reddit offers products and services including Reddit Platform. Reddit operates in a competitive market with competitors including FANDOM, Amino Apps, Whisper, Ranker and Choicely, among others.
- Headquarter San Francisco, United States
- Founders Aaron Swartz
- Stage Decacorn
-
Sectors
Media & Entertainment
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Reddit, Inc.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$1.62 B (USD)
in 7 rounds
-
Latest Funding Round
-
Investors
Fidelity Investments
& 25 more
-
Employee Count
Employee Count
-
Investments & Acquisitions
Dubsmash
& 4 more
-
Acquired by
Conde Nast
(Oct 31, 2006)
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
Products & Services of Reddit
Reddit offers a comprehensive portfolio of products and services, including Reddit Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A platform for community discussions and content sharing.
Unlock access to complete
Unlock access to complete
Senior Team
74 people
Software Development Team
48 people
Product Management Team
44 people
Sales and Marketing
35 people
Data Analysis and Operations Team
30 people
Finance and Accounting
23 people
Legal and Compliance
17 people
Leadership Team
14 people
Unlock access to complete
Funding Insights of Reddit
Reddit has successfully raised a total of $1.62B across 7 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 Total Funding
- Total Rounds 7
- Last Round Last Round
-
First Round
First Round
(01 Jun 2005)
- Investors Count 25
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Series F - Reddit | Valuation |
investors |
|
| Aug, 2021 | Amount | Series F - Reddit | Valuation | Fidelity Investments |
|
| Feb, 2021 | Amount | Series E - Reddit | Valuation | Vy Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Reddit
Reddit has secured backing from 26 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Fidelity Investments, Tencent and Conde Nast. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Catamaran is engaged in venture capital and private equity investments.
|
Founded Year | Domain | Location | |
|
Investment services are provided for maximizing gains over time.
|
Founded Year | Domain | Location | |
|
Venture capital investments in technology sectors are handled by Andreessen Horowitz.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Reddit
Reddit has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Dubsmash, MeaningCloud and Memorable. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Branding and artificial intelligence services are provided by Memorable.
|
2020 | ||||
|
An MLOps platform for deep learning applications is provided.
|
2017 | ||||
|
AI-based consumer intelligence solutions are provided for enterprises.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Reddit
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Reddit Comparisons
Competitors of Reddit
Reddit operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as FANDOM, Amino Apps, Whisper, Ranker and Choicely, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online social platform for media enthusiasts
|
|
| domain | founded_year | HQ Location |
Online interest-based communities are enabled for user engagement.
|
|
| domain | founded_year | HQ Location |
An underground music label is operated for growing talent.
|
|
| domain | founded_year | HQ Location |
Provides crowdourced rankings of various things
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Reddit
Frequently Asked Questions about Reddit
When was Reddit founded?
Reddit was founded in 2005.
Where is Reddit located?
Reddit is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Reddit a funded company?
Reddit is a funded company, having raised a total of $1.62B across 7 funding rounds to date. The company's 1st funding round was a Series E of $367.95M, raised on Jun 01, 2005.
What does Reddit do?
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.
Who are the top competitors of Reddit?
Reddit's top competitors include FANDOM, Amino Apps and Whisper.
What products or services does Reddit offer?
Reddit offers Reddit Platform.
How many acquisitions has Reddit made?
Reddit has made 5 acquisitions, including Dubsmash, MeaningCloud, and Memorable.
Who are Reddit's investors?
Reddit has 26 investors. Key investors include Fidelity Investments, Tencent, Conde Nast, TACIT, and Catamaran.
What is Reddit's valuation?
The valuation of Reddit is $10B as of Aug 2021.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.