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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 | 2012-12 | $1M | Advance Publications | — 413 |
| 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 | 2017-07-31 | $200M at $1.8B valuation | Andreessen Horowitz, Sequoia Capital | Coatue Management, Vy Capital, Fidelity, Sam Altman, Ron Conway 714 |
| 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 | 2024-03-21 | $748M total ($519M to Reddit, $229M to selling shareholders) at $34/share, $6.4B valuation | NYSE: RDDT | — 1516 |
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/↩
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“Conde Nast (sorta) spins out Reddit,” CBS News, accessed April 2026. Reddit was re-incorporated as an independent subsidiary of Advance Publications in 2011-2012; the $1M December 2012 Series A was funded by parent Advance Publications rather than a third-party VC lead. https://www.cbsnews.com/news/conde-nast-sorta-spins-out-reddit/↩
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“Reddit just raised a new round that values the company at $1.8 billion,” TechCrunch, July 31, 2017, accessed April 2026. “The funding comes from a group led by Andreessen Horowitz and Sequoia Capital, along with investment firm Vy Capital, Fidelity, and individual investors such as Y Combinator president Sam Altman and SV Angel founder Ron Conway.” https://techcrunch.com/2017/07/31/reddit-just-raised-a-new-round-that-values-the-company-at-1-8-billion/↩
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“Welcome to the market, RDDT! Reddit stock jumps on first day as a public company,” CNN Business, March 21, 2024, accessed April 2026. https://www.cnn.com/2024/03/21/investing/reddit-ipo↩
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“Reddit IPO: Shares Pop 48% in First Day of Trading, Internet Company Nets $519 Million,” Variety, March 21, 2024, accessed April 2026. https://variety.com/2024/digital/news/reddit-ipo-stock-price-1235948162/↩