Reddit’s E round of financing expanded to US$370 million, with a valuation of US$6 billion

It was reported that the social news website Reddit announced a US$250 million Series E financing earlier this month, and their latest filing with the US Securities and Exchange Commission (SEC) shows that the company is now An additional $116 million in financing was added, increasing the total amount of this round of financing to $367 million.

A Reddit spokesperson confirmed the news and said that this round of financing was jointly provided by new and old investors. Although the identity of the specific investors was not disclosed, the spokesperson confirmed that the new financing valuation has not changed, so the previously announced valuation of $6 billion is still used.

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It has been 16 years since Reddit was founded and has accumulated more than 800 million US dollars in venture capital. The company has received widespread attention in recent months, on the one hand, because co-founder Alexis Ohanian (Alexis Ohanian) resigned due to content review issues, and on the other hand because of the recent “retail investors squeezing Wall Street.” The role played and become the focus.

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