Reddit is reportedly looking for additional funding and a $1.7 billion valuation, according to Bloomberg. The latest round of funding is set to include around $150 million. Reddit last raised money in 2014, receiving $50 million in a round led by Y Combinator's Sam Altman.
During its history, the popular website has raised money from mainstream investors like Marc Andreessen and Peter Thiel, as well as celebrities like Jared Leto and Snoop Dogg.
The funding is likely to be announced soon, but the details aren't available right now.