Cheezburger Network Can Haz $30 Million in Funding

Posted 01/21/2011 at 10:11am | by Paul Lilly

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Like most, we're big fans of the Cheezburger Network, which is best known for its weblog of lolcats and other animals, as well as its Fail Blog spinoff and other amusing memes. There's always that fear that something awesome (and free) will up and vanish one day, like what almost happened with the Xmarks project, but it's safe to say that's not going to happen here.

The Cheezburger Network has just secured $30 million in funding, most of which comes from Foundry Group, the venture capitalists that helped bankroll Zynga and Gist. Other investors throwing some cheese at CN include Madrona Venture Group, Avalon Ventures, and SoftBank Capital.

"I have been a rabid fan of Ben and the Cheezburger team for years. It’s incredible what they’ve built with a small, dedicated team," said Greg Gottesman, managing director of Madrona Venture Group. "As an investor, this one is as fun as it gets. We’re working with a great team, helping them grow an already massive audience, and testing new and exciting ways to monetize the funniest collection of sites on the Internet."

The Cheezburger team said it plans to use the funds to hire more employees (engineers, product managers, advertising salespeople, social media coordinators, and other positions) and fund other marketing and growth initiatives, the specifics of which are not yet known. If you want to apply, you can do so at http://jobs.cheezburger.com.