Business • Markets

Reddit raised a $250 million Series E funding

Reddit raised a $250 million Series E funding
Reddit logo Credit: Reddit

Reddit announced on Monday that it had raised $250 million in new funding, valuing the social news start-up at $6 billion. This is the company's Series E round of financing, and it comes hot on the heels of renewed public attention on the site that has dubbed itself 'the front page of the Internet,' owing to the role the subreddit r/WallStreetBets played in the recent meteoric rise (and subsequent steep fall) of the value of GameStop stock.

The company celebrates in 2021 its 16th year of operation, and, so far, has raised around $800 million. The latest round included financing from “existing and new investors,” Reddit noted in a blog post in which it announced the funding.

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