Reddit is getting more popular; now valued at $6 billion after raising $250 million

Reddit's valuation has doubled since February 2019.


Ken Ho

9 Feb, 2021

Reddit is getting more popular; now valued at $6 billion after raising $250 million | BEAMSTART News

- From our Sponsors -

Reddit, a popular social news aggregation, web content rating, and discussion website, has just raised $250 million in a new funding round.

The funding round brings Reddit's current valuation to $6 billion, double its previous round.

The last time Reddit raised funds was back in February 2019, when Tencent led a $300 million round into the company, valuing it at $3 billion.

Reddit today has more than 50 million daily active users, with advertising revenue climbing 90% in the last quarter compared to the previous year.

“We decided that now was the right opportunity to make strategic investments in Reddit including video, advertising, consumer products, and expanding into international markets,” Reddit announced in a blog post.

- From our Sponsors -

Latest Jobs

Content Writer

Epixel MLM Software

Palakkad, India

Full Time

Salary Undisclosed

Hair Stylist

Zen Beauty

Novena, Singapore

Full Time

SGD 2500 — SGD 3500 monthly

Platform Software Engineer [US]

Omnistrate

United States

Full Time

USD 80000 — USD 160000 yearly

Financial Advisor

Financial Entertainment

Singapore,

Full Time

USD 3 — USD 5 monthly

Marketing & business Development

Nestspace Malaysia

Damansara Utama, Malaysia

Full Time

MYR 3000 — MYR 4500 monthly

Community Builder

BEAMSTART

Klang Valley, Malaysia

Full Time

Salary Undisclosed

Associate Product Manager

Peakflo

Singapore, Singapore, United States

Full Time

USD 1200000 — USD 1500000 yearly

Founding Partnership Growth

Chariot

New York, United States

Full Time

USD 80000 — USD 150000 yearly

Brand Ambassador

LeaseSimple

United States,

Internship

Salary Undisclosed

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2023 BEAMSTART. All Rights Reserved (Legal).