Cheezburger Raises $5 Million
Cheezburger has raised $5 million in funding according to an SEC filing. Cheezburger is known as the parent company for several humorous content channels like I Can Has Cheezburger, Fail Blog, and Memebase. Investors in this round include Foundry Group, Madrona Venture Group, Avalon Ventures, and SoftBank Capital. Cheezburger was launched by Ben Huh in 2007. The company has over 50 websites in their network. The company makes money from advertising, book publishing, and merchandising. The company raised $30 million in funding last year. Cheezburger even has a reality show where the camera interviews employees and follows the day-to-day at the company called “LOLwork.” A Cheezburger spokesperson said that the new round of funding will go towards building a social humor platform.