Rapper Snoop Dogg and actor/singer Jared Leto have become investors in chat website Reddit.

Site bosses have raised over $50 million (Gbp31.25 million) in fundraising and count the Drop It Like It's Hot hitmaker and Dallas Buyers Club star among their supporters.

A statement released on Thursday (02Oct14) reads: "We're planning to use this money to hire more staff for product development, expand our community management team, build out better moderation and community tools, work more closely with third party developers to expand our mobile offerings..., improve our self-serve ad product, build out redditgifts marketplace, pay for our growing technical infrastructure, and all the many other things it takes to support a huge and growing global internet community."

The site is best known for its candid Ask Me Anything interviews with celebrities.