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.
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.
Last updated: Apr 7, 2020 at 11:31 am CDT
- > NEXT STORY: ReportTT: Optical disc prices to increase nearly 50% in 2H13, according to CMC chariman
- < PREVIOUS STORY: RumorTT: Droid Razr M HD specs have been leaked