Reddit, on Monday, has announced that it has raised more than $250M (approx €206.5M) in Series E funding from existing and new investors. “We decided that now was the right opportunity to make strategic investments in Reddit including video, advertising, consumer products, and expanding into international markets,” mentions the company in an official blog post.
According to the Wall Street Journal, this funding pushes the network’s valuation to $6B (nearly €5B).