TECH CRUNCH - Feb 24 - Reddit, which announced a $250M Series E earlier this month, has added ~$116M to the financing event, upping the round's most recent total to $367M. The document shows that Reddit is aiming to raise up to $500M in this capital raise. The new capital is from "new and existing investors." They offered no specifics on names. The new capital did not come with a new valuation, keeping the platform at its previously-announced valuation of $6B pre-money.
by Natasha Mascarenhas
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