Reddit buys VC-backed video platform Dubsmash

Reddit has acquired video platform Dubsmash, according to a blog post on Reddit's site.

Reddit has acquired video platform Dubsmash, according to a blog post on Reddit’s site. No financial terms were disclosed. Dubsmash’s backers included Index Ventures, Lowercase Capital, ENIAC Ventures, Sunstone Capital and Raine Ventures.

Source: Blog post