Reddit Raised $300 Million at a $3 billion Valuation — Now it's Ready to Take on Facebook and Google
They all turned to Reddit to deploy ad campaigns and connect with consumers. The social network's growth in popularity with a broad range of advertisers has attracted new investors and is driving up its valuation.
The company announced Monday it has raised $300 million at a $3 billion valuation. That's up from a $1.8 billion valuation when the company took in a $200 million in investment in 2017.