Reddit is increasing $150 million to $300 million to help keep the page that is front of internet operating, numerous sources tell TechCrunch. The series that is forthcoming round is said become led by Chinese tech giant Tencent at a $2.7 billion pre-money valuation. Based on just how much follow-on money Reddit drums up from Silicon Valley investors and beyond, its post-money valuation could achieve an epic $3 billion.
Reddit is growing its link-sharing forums
Certainly, 330 million month-to-month active users now frequent its 150,000 Subreddits. That warrants the boost to its valuation, which formerly reached $1.8 billion whenever it raised $200 million in July 2017. At the time of then, RedditвЂ™s bulk stake ended up being nevertheless held by publisher Conde Nast, which purchased in straight back 2006 merely an after the site launched year.