Seattle – Cheezburger Network, the online publisher behind
popular sites such as I Can Has Cheezburger and FAILblog, announced on Tuesday
that it has raised $30 million in new funding, led by Foundry Group.
Venture Group, Avalon Ventures and Softbank Capital also participated in the
round, proceeds from which will be used to hire additional staff and funds
marketing and growth initiatives.
Founded in 2007, Seattle-based Cheezburger
Network now counts more than 16.5 million monthly visitors and 375 million
monthly page views across its network of sites.