Latest Funding Values Reddit at $3 Billion

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Latest Funding Values Reddit at $3 Billion

Latest Funding Values Reddit at $three Billion

gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw== - Latest Funding Values Reddit at $3 Billion

Reddit Inc., the dialogue discussion board identified for its “ask me anything” on-line the town halls with celebrities and politicians, was once valued at $three billion after a brand new financing spherical that introduced in Chinese web large Tencent Holdings Ltd. as an investor, in step with an individual accustomed to the deal.

Reddit raised $300 million in the most recent fundraising and plans to make use of the money to show its freewheeling platform into extra of an promoting powerhouse. Tencent accounts for part of the contemporary financing for the San Francisco-based corporate,…

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