About Reddit
Reddit is a company based in San Francisco (United States) founded in 2005 by Aaron Swartz and Steve Huffman. It operates as a Advertising Model, and Freemium. Reddit has raised $1.21 billion across 6 funding rounds from investors including Fidelity Investments, Tencent and Andreessen Horowitz. The company has 2,230 employees as of December 31, 2024. Reddit offers products and services including Reddit Platform. Reddit operates in a competitive market with competitors including FANDOM, Amino Apps, Whisper, Ranker and Tapatalk, among others.
- Headquarter San Francisco, United States
- Employees 2230 as on 31 Dec, 2024
- Founders Aaron Swartz, Steve Huffman
- Stage Public
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Reddit, Inc.
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Annual Revenue
$1.3 B61.71as on Dec 31, 2024
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Net Profit
$-484.28 M-433.2as on Dec 31, 2024
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EBITDA
$-544.92 M-330.91as on Dec 31, 2024
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Total Equity Funding
$1.21 B (USD)
in 6 rounds
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Latest Funding Round
$410 M (USD), Series F
Aug 01, 2021
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Investors
Fidelity Investments
& 17 more
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Employee Count
2230
as on Dec 31, 2024
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IPO & Listings of Reddit
Reddit is a publicly listed company on the NYSE with ticker symbol RDDT in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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.
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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
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Funding Insights of Reddit
Reddit has successfully raised a total of $1.21B across 6 strategic funding rounds. The most recent funding activity was a Series F round of $410 million completed in August 2021. 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 6
- Last Round Series F — $410.0M
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First Round
First Round
(01 Jun 2005)
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Series F - Reddit | Valuation | Fidelity Investments |
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| Feb, 2021 | Amount | Series E - Reddit | Valuation |
investors |
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| Feb, 2019 | Amount | Series D - Reddit | Valuation | Tencent |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Reddit
Reddit has secured backing from 18 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Fidelity Investments, Tencent and Andreessen Horowitz. 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 |
|---|---|---|---|---|
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Provider of an investment platform for various stages
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Reddit
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Reddit
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| 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 Tapatalk, 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 |
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| domain | founded_year | HQ Location |
Online social platform for media enthusiasts
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| domain | founded_year | HQ Location |
Online interest-based communities are enabled for user engagement.
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| domain | founded_year | HQ Location |
An underground music label is operated for growing talent.
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| domain | founded_year | HQ Location |
Provides crowdourced rankings of various things
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| domain | founded_year | HQ Location |
Interest-based discussions from online forums are aggregated for user engagement.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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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.
Who is the current CEO of Reddit?
Steve Huffman is the current CEO of Reddit. They have also founded this company.
Is Reddit a funded company?
Reddit is a funded company, having raised a total of $1.21B across 6 funding rounds to date. The company's 1st funding round was a Series D of $300M, raised on Jun 01, 2005.
How many employees does Reddit have?
As of Dec 31, 2024, the latest employee count at Reddit is 2,230.
What is the annual revenue of Reddit?
Annual revenue of Reddit is $1.3B as on Dec 31, 2024.
What does Reddit do?
Reddit is managed as a leading social media platform where millions of users engage daily in thousands of communities. Content is shared through posts, comments, and votes across diverse topics like news, sports, and entertainment. The platform is designed to foster authentic human connection and endless conversation. Various interests are catered to, ensuring a space for every user. Tools for publishers and community features are continuously developed to enhance user experience.
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.
Is Reddit publicly traded?
Yes, Reddit is publicly traded on NYSE under the ticker symbol RDDT.
Who are Reddit's investors?
Reddit has 18 investors. Key investors include Fidelity Investments, Tencent, Andreessen Horowitz, Sequoia Capital, and Sam Altman.
What is Reddit's ticker symbol?
The ticker symbol of Reddit is RDDT on NYSE.
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