The 'front page of the internet' raised the money in a Vy Capital-led round doubling its valuation to $6bn, up from a Tencent-led round two years ago.
Reddit, the US-based online community backed by internet group Tencent, has received over $250m in series E funding, it revealed in a statement yesterday.
The round was led by venture capital firm Vy Capital and doubled the company’s valuation to $6bn, Reuters reported today. The firm was joined by undisclosed existing and new investors.
Founded in 2005, Reddit runs what is known as the ‘front page of the internet’, an online platform with 50 million daily active users that essentially…
