How much has Reddit raised?

Reddit was founded in 2005, sold to Condé Nast in 2006, and later operated under Advance before raising major outside financing. Sequoia lists Reddit as a 2014 partner company and an IPO 2024 company, which is the relevant provenance for this directory.

Major private events include a 2014 growth round of about $50 million led by Sam Altman with Sequoia participating, a 2017 round of about $200 million at a reported $1.8 billion valuation, a 2019 Tencent-led round of about $300 million at a reported $3 billion valuation, and 2021 financings including $250 million and a later Fidelity-led round that valued Reddit around $10 billion.

The most relevant current status is public equity. Reddit listed on the NYSE in March 2024, priced at $34 per share, and raised about $748 million; from a seller perspective, current budget capacity should be read from public revenue, profitability, share repurchases, and operating priorities rather than stale private marks.

Sequoia is the relevant portfolio provenance and lists Reddit as partnered in 2014. Other reported backers across Reddit’s private history include Tencent, Fidelity, Andreessen Horowitz, Quiet Capital, and individuals connected to the company’s early ecosystem.

Reddit’s valuation moved with the broader consumer internet market: late-stage private marks rose as ad monetization and data licensing became more credible, while the IPO reset the company against public-market revenue, profitability, user growth, and search/AI exposure.

Reddit is already public. Its 2025 results show GAAP net income and adjusted profitability, so selling motions should assume public-company budget discipline, procurement controls, and investor-visible ROI expectations.

The IPO and public profitability mean budget conversations are less about runway and more about measurable operating leverage. Strong fits include ad-tech yield, ML infrastructure efficiency, safety tooling, data governance, experimentation, cloud cost management, and enterprise systems that reduce headcount-intensive workflows.