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On line dating news: Reddit is increasing an enormous round near a $3 billion valuation

Saturday, November 21st, 2020

On line dating news: Reddit is increasing an enormous round near a $3 billion valuation

Reddit is increasing $150 million to $300 million to help keep the page that is front of internet operating, numerous sources tell TechCrunch. The forthcoming Series D round is said become led by Chinese tech giant Tencent at a $2.7 billion pre-money valuation. According to simply how much cash that is follow-on drums up from Silicon Valley investors and past, its post-money valuation could achieve an epic $3 billion.

Reddit is growing its link-sharing forums

Certainly, 330 million month-to-month users that are active frequent its 150,000 Subreddits. That warrants the boost to its valuation, which formerly reached $1.8 billion whenever it raised $200 million in 2017 july. At the time of then, Reddit’s bulk stake had been nevertheless held by publisher Conde Nast, which purchased in right straight back 2006 simply a 12 months after the site launched. (more…)