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.

DeprioritizeFinancing has gone silent well past the sector's normal cadence — treat as inactive until outside confirmation of a live operation.

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.