Tencent is in talks to invest $150m in Reddit, an online social platform backed by Condé Nast, as part of a series D round that could reach $300m and value it at $3bn.
US-based social news aggregation platform Reddit is looking to raise $150m to $300m in a series D round led by internet group Tencent, TechCrunch reported yesterday.
Tencent is reportedly committing $150m to the round, which is set to value Reddit at $2.7bn pre-money and up to $3bn post-money. Its existing investors are expected to return, driving the round to a potential $300m.
Founded in 2005, Reddit lets users create themed boards called subreddits covering a wide range of topics such…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
