On the web news that is dating Reddit is increasing a giant round near a $3 billion valuation

Reddit is increasing $150 million to $300 million to help keep the page that is front of internet operating, numerous sources tell TechCrunch. The forthcoming Series D round is said become led by Chinese tech giant Tencent at a $2.7 billion pre-money valuation. Dependent on simply how much cash that is follow-on drums up from Silicon Valley investors and past, its post-money valuation could achieve an epic $3 billion.

Reddit is growing its link-sharing forums

Certainly, 330 million month-to-month users that are active frequent its 150,000 Subreddits. That warrants the boost to its valuation, which previously reached $1.8 billion whenever it raised $200 million in 2017 july. (more…)

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