American social news website Reddit, co-founded by Alexis Ohanian (currently Executive Chairman), raised USD 200 million in the company’s largest ever funding round.
Recode reports that Reddit is now valued at USD 1.8bn.
The funding sources were Andreessen Horowitz, Sequoia Capital, Vy Capital, Fidelity venture funds, Sam Altman (Y Combinator President), and Ron Conway (SV Angel).
San Francisco-based Reddit intends to use the raised funds on the webpage update and video upload solutions. Reddit registers 300 million visitors monthly.
In 2015, Alexis Ohanian gave interview to Itel.am within his visit to Armenia, available here.
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