(2019-02-05) Reddit Is Raising A Huge Round Near A $3 Billion Valuation

Reddit is raising a huge round near a $3 billion valuation. The forthcoming Series D round is said to be led by Chinese tech giant Tencent.

330 million monthly active users now frequent its 150,000 Subreddits

supporting and moderating all that content isn’t cheap. The company had 350 employees just under a year ago, and is headquartered in pricey San Francisco — though in one of its cheaper but troubled neighborhoods. Until Reddit’s newer ad products rev up, it’s still relying on venture capital.