Announced
Completed
Financials
Sources
Tags
media services
Minority
Venture Capital
Friendly
Completed
digital media
United States
Private
Acquisition
Publishing
Cross Border
Private Equity
Synopsis
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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