Reddit valued at $1.8 bn after new funding of $200 mn
Online discussions platform Reddit on Monday announced that it has raised $200 million in funding, which gives it a valuation of nearly $1.8 billion. The capital will be used to redesign Reddit's homepage, CEO Steve Huffman said in a report. The funding comes from a group led by Andreessen Horowitz and Sequoia Capital, along with other investment firms.