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Reddit has announced about $250 million funding earlier this month about which you can read here . It was their series E round of funding. Now, they have added another $116 million to this financing event which made the total $367 million.  Reddit is aiming to raise up to $500 million in this capital raise. A Reddit spokesperson has confirmed this news and said this new capital is from New and Existing investors. They didn't say any particular names of investors. Reddit was in the spotlight for the past few months most recently, its role in the election and the rise in Gamestop's stock due to subreddit r/WallStreetBets .  Reddit raises $250 million.  

 Reddit has raised $250 Million in a new funding round. This is the series E round of financing for Reddit. Reddit Reddit has become more popular and gained more public attention after the GameStop stock incident. The subreddit r/WallStreetBets played a big role in the rise of the value of GameStop stock.  Reddit has completed 16 years and it has raised around $800 million to date. Reddit has raised $300 million in February 2019 in series D round from Tencent. Reddit has said that this financing is from existing and new investors.  Reddit has posted announcement through a blog post which you can read here . They have also given insights about the future plan as they have said, We decided that now was the right opportunity to make strategic investments in Reddit including video, advertising, consumer  products, and expanding into international markets. Reddit Super Bowl Ad Reddit also ran a 5-second Super Bowl ad consisting of a single static image that looked like a ...