Diligence memo · auto-generated · as of July 2, 2026
Reddit, Inc.
Reddit, Inc. looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Reddit, Inc. operates in Other, based in SAN FRANCISCO, CA, USA. The frontpage of the internet.
Sub-sector tags: Community, Social Media, Social, Social Network.
Sector still resolves to a broad 'Other' bucket, so operating comparables below are weaker than for a tightly-classified peer.
Capital & rounds (filed)filed
Reddit, Inc. has raised $1.3B in disclosed capital across 4 recorded rounds, aggregated from public filings. Its latest round is modeled as Growth/Late (a round over $400M).
Largest single filing: $410M on 2021-08-11.
Most recent recorded round closed around 2021-08-11.
Valuation (modeled)modeled
Provath models Reddit, Inc. at approximately $6.4B (range $3.2B–$10.5B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.71× the median modeled value of Growth/Late Other companies in 2019–2021 (33 peers) — value vs value, same stage and era. Within the normal band (71% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 16 months.
Last raise 4.9 yr ago; this sector typically re-raises about every 11 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 1.1× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 100% of Other peers (25015 compared).
Modeled value ranks above 100% of those peers.
Closest niche peers: Mickey Barreto Missions, Uber Freight Holding Corp, Saturn Ultimate, Inc., Millennium Top1 Corp, Bellevue Topco, Inc..
Peoplefiled
19 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Broad sector classification weakens peer comparison.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.