TweakTown
Tech content trusted by users in North America and around the world
5,673 Reviews & Articles | 36,062 News Posts
Weekly Giveaway: Fractal Design Arc Cases Contest (Global Entry!)

Cheezburger network raises $5M in funding for LOLcats, FAIL Blog, others

Cheezburger network raises $5 million in funding from existing investors

| Business, Financial & Legal News | Posted: Dec 28, 2012 10:02 pm

Rejoice! The priceless memes network Cheezburger will continue to be around. The network just raised $5 million in funding, according to an SEC filing. Foundry Group, Madrona Venture Group, Avalon Ventures, and SoftBank Capital, all existing investors, participated in the funding round.

 

TweakTown image news/2/7/27544_1_cheezburger_network_raises_5m_in_funding_for_lolcats_fail_blog_others.png

 

Cheezburger is planning on using the funding, a total of $37.5 million between this year and last, to build the company's social humor platform. Cheezburger is an online network of more than fifty sites owned by former journalist Ben Huh, who formed the company in 2007. The company is profitable, and has been ever since its inception.

 

Here's to many a good meme coming from the network of sites.

NEWS SOURCE
Techcrunch.com

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

Latest Downloads

View More Latest Downloads

TweakTown Web Poll

Question: Did EA kill the Battlefield franchise with the terrible BF4 issues?

Yes, Battlefield is doomed

No, Battlefield will live on strong

I'm not sure, but I know EA needs to improve its game

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
Get TweakTown updates via Facebook!
Just click the "Like" button below