October 7, 2014:Reddit raises $50m with plans to give 10% to its community

Reddit raises $50m with plans to give 10% to its community

Online community Reddit has closed a $50m Series B funding round that includes investment from VC firms Andreessen Horowitz and Sequoia Capital. Oh, and individual celebrities like Snoop Dogg and Jared Leto. “we’re planning to use this money to hire more staff for product development, expand our community management team, build out better moderation and…

The full article is available to our subscribers only.
login

subscribe here
(where there are options for monthly, twice-yearly, annual and trial subscriptions)

Trial;Subscriber

Music Ally Blog
READ MORE: News
TAGS: