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The Total Investment of Reddit in a Series F Round Led by Fidelity Investment is Expected to be Around $700 Million
Summary: Today, Reddit confirmed that it has raised $410 million in a Series F round led by Fidelity Investments. And that’s not all: Reddit tells The New York Times that it expects some of its existing investors to come in on the round, as well, with an eye to finish out around $700 million in total. ...
Today, Reddit confirmed that it has raised $410 million in a Series F round led by Fidelity Investments. And that’s not all: Reddit tells The New York Times that it expects some of its existing investors to come in on the round, as well, with an eye to finish out around $700 million in total.
This new round of investment values the company at $10 billion, which is up from $6 billion back in February. Reddit had accepted $800 million in investment prior to this latest round. Reddit still plans to go public at some point, but that the company doesn’t have a “firm timeline” as of yet.
By Amy Liu
Tags: Fidelity,Investment,Reddit
Link: The Total Investment of Reddit in a Series F Round Led by Fidelity Investment is Expected to be Around $700 Million [Copy]
