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Announced

Completed

Vy Capital led a $250m funding round in Reddit.

Financials

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Transaction Value£182m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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media services

Minority

Venture Capital

Friendly

Completed

digital media

United States

Private

Acquisition

Publishing

Cross Border

Private Equity

Synopsis

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Vy Capital, a venture capital firm, led a $250m funding round in Reddit, a social sharing and aggregation website. Additional investors include Andreessen Horowitz, a venture-capital firm, and Tencent Holdings, an internet conglomerate. Additional investors includes Advance Publications and Inclusive Capital. “It’s a good market to fundraise. Valuations are very high right now. It never hurts to raise money when there’s an opportunity to do so and Reddit had a strong year," Steve Huffman, Reddit CEO.

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