Monday, January 17, 2011

Foundry Invests In Internet Humor Site Cheezburger

Boulder-based venture capital firm Foundry Group is the lead investor in Cheezburger, a publisher of Internet humor and "meme" sites, Cheezburger announced this evening. According to Cheezburger, it raised $30M in funding, led by Foundry Group, and also included Madrona Ventures, Avalon Ventures, and SoftBank Capital. Brad Feld of Foundry Group joins the company's board, in addition to Greg Gottesman of Madrona, and Rich Levandov of Avalon Ventures. Cheezburger's network of funny Internet web sites includes I Can Has Cheezburger? -- which features "LOLcats", funny pictures of cats with humorous captions, and FAIL Blog, a site which highlights "fails"--usually, people doing catastrophically stupid things. More information »