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Investors
Founders
About
Reddit is a social news aggregation and discussion platform founded in June 2005 by Steve Huffman and Alexis Ohanian as part of Y Combinator’s inaugural batch 12. The company was acquired by Conde Nast in 2006 and later spun back out as an independent company 1. Reddit went public on March 21, 2024 on the NYSE under ticker RDDT 3.
Funding History
| Round | Date | Amount | Lead Investor(s) | Notable Co-Investors |
|---|---|---|---|---|
| Seed | Jun 2005 | $100K | Y Combinator | — 12 |
| Series A | Dec 2012 | $1M | — | — 4 |
| Series B | Sep 2014 | $50M | Sam Altman (Y Combinator) | Andreessen Horowitz, Sequoia Capital, Peter Thiel, Ron Conway, Jared Leto, Snoop Dogg, Josh Kushner, Jessica Livingston 56 |
| Series C | Jul 2017 | $200M | — | Andreessen Horowitz, Sequoia, Coatue Management, Vy Capital, Fidelity, Sam Altman, Ron Conway 47 |
| Series D | Feb 2019 | $300M | Tencent | Sequoia, Fidelity, Andreessen Horowitz, Quiet Capital, Vy Capital, Snoop Dogg 89 |
| Series E | Feb 2021 | $367.9M | Vy Capital | Sam Altman ($50M individual investment) 1011 |
| Series F | Aug 2021 | $410M | Fidelity | Sam Altman ($10M individual investment) 1012 |
| IPO | Mar 2024 | — | NYSE: RDDT at $34/share | — 3 |
What Investors Say
No independently sourced investor quotes found at this time.
What Founders Say
No independently sourced founder quotes found at this time.
Sources
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“Reddit,” Wikipedia, accessed March 2026. https://en.wikipedia.org/wiki/Reddit↩↩↩
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“Reddit ft. Steve Huffman - The Making (and Remaking) of the Front Page of the Internet,” Sequoia Capital Crucible Moments podcast, accessed March 2026. https://sequoiacap.com/podcast/crucible-moments-reddit/↩↩
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“Reddit Had An IPO, But You May Be Too Late For Real Profits,” Yahoo Finance, accessed March 2026. https://finance.yahoo.com/news/reddit-had-ipo-may-too-171648443.html↩↩
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“Reddit Shareholders: From Startup Funding to 2024 IPO,” Eqvista, accessed March 2026. https://eqvista.com/reddit-shareholders-from-start-to-ipo/↩↩
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“Reddit Plans Its Own Cryptocurrency To Give Back To Its Users After $50 Million Raise,” TechCrunch, September 30, 2014, accessed March 2026. https://techcrunch.com/2014/09/30/reddit-scoops-up-50m-series-b-from-sam-altman-a16z-sequoia-at-500m-valuation/↩
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“Sam Altman’s decade-old investment in Reddit is now worth over a billion dollars,” Fortune, October 30, 2024, accessed March 2026. https://fortune.com/2024/10/30/sam-altman-reddit-stake-investment-net-worth/↩
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“Reddit Gets $200 Million VC Funding, Valued at $1.8 Billion,” Fortune, July 31, 2017, accessed March 2026. https://fortune.com/2017/07/31/reddit-200-million-funding/↩
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“Reddit raises $300 million from Tencent at $3 billion value,” TechCrunch, February 11, 2019, accessed March 2026. https://techcrunch.com/2019/02/11/reddit-300-million/↩
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“Reddit Raises $300 Million Series D From Tencent, Others,” Variety, February 2019, accessed March 2026. https://variety.com/2019/digital/news/reddit-300m-investment-tencent-1203135794/↩
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“OpenAI CEO Sam Altman stands to net millions as Reddit goes public,” CNBC, February 22, 2024, accessed March 2026. https://www.cnbc.com/2024/02/22/openai-ceo-sam-altman-stands-to-net-millions-as-reddit-goes-public.html↩↩
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“Reddit has raised a Series E of over $250M led by Vy Capital at a $6B valuation,” Digital Mobile World, February 2021, accessed March 2026. https://www.digitalmobileworld.net/2021/02/reddit-has-raised-series-e-of-over-250m.html↩
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“Reddit is raising up to $700M in Series F funding,” TechCrunch, August 12, 2021, accessed March 2026. https://techcrunch.com/2021/08/12/reddit-is-raising-up-to-700m-in-series-f-funding/↩