Cheezburger, an online humor publisher, has raised $30m in venture capital funding.
The round was led by Foundry Group, with participation from Madrona Venture Group, Avalon Ventures, and SoftBank Capital.
The company intends to use the capital to hire more employees and fund other marketing and growth initiatives.
In conjunction with the funding, Cheezburger is expanding its board of directors to include:
– Brad Feld of Foundry Group,
– Greg Gottesman of Madrona Venture Group,
– Rich Levandov of Avalon Ventures.
Founded in September 2007 by Ben Huh, Cheezburger is the publisher behind websites such as I Can Has Cheezburger?, FAIL Blog, Memebase, and The Daily What. According to the company, it counts a fan base of 16.5 million people with over 375 million page views and 110 million video views per month.
FinSMEs
18/01/2011