Reddit, Inc. announced that it will receive $599,999,936 in a round of funding on January 25, 2019. The company will issue 13,833,617 series D at an issue price of $21.5863 per share for gross proceeds of $299,999,968.3471 and 13,833,617 series D-1 preferred shares at an issue price of $21.5863 per share for gross proceeds of $299,999,968.3471 in the transaction. The shares are convertible, non-redeemable and non-cumulative. The shares carry non-cumulative fixed dividend rate of 8% per annum. The shares will be convertible in common shares at a fixed conversion price of $21.5863 per share. The round will be raised at a post money valuation of $3,074,678,995.The company will issue securities pursuant to exemption provided under Regulation D.