Reddit to Raise $700M in Series F Funding Round

The company’s valuation will top $10 billion


Reddit plans to raise up to $700 million in series F funding, led by Fidelity Management and Research and including other existing investors, which would bring the company’s valuation to more than $10 billion.

The company said in a blog post Thursday that the second quarter of 2021 marked its first ever quarter with advertising revenue of more than $100 million, and the total was up 192% year over year.

Reddit also pointed out its addition of Drew

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