Cheezburger CEO Ben Huh

Cheezburger Network, the Seattle online comedy network behind Fail Blog, I Can Has Cheezburger, The Daily What and dozens of other sites, has raised an additional $5 million in funding.

A SEC filing today notes that the new cash is part of a $6.1 million round.

“The funds will be used to continue to build our social humor platform,” the company said via a spokeswoman.

As you may recall, Cheezburger raised a whopping $30 million in venture funding in January 2011 from Foundry Group, Madrona Venture Group and others.

The company was founded in 2007 by Ben Huh, a former journalist who has built the empire of comedy sites through a series of acquisitions. At the time of last year’s funding, Cheezburger counted 16.5 million monthly visitors who generated some 375 million page views.

The 85-person company now attracts 25 million users who generate 500 million page views per month. The company is looking to hire about 15 people next year in areas such as marketing, development, editorial and sales.

Specific details of the new funding were not disclosed in the SEC filing, though it did note that Rich Levandov of Avalon Ventures is a director of the company. The former AOL exec joined the board, along with Madrona’s Greg Gottesman and Foundry Group’s Brad Feld, in 2011.

Cheezburger, which is the subject of a reality TV show on Bravo dubbed LOLWork, has been undergoing a transformation in the executive offices recently.

Last month, CTO Scott Porad announced that he was stepping down, while Chief Revenue Officer Todd Sawicki departed in October.

The funding at Cheezburger comes on the heels of several other large financing deals in the Seattle area during the fourth quarter, including $85 million invested in Zulily; $26 million invested in Smartsheet and $15 million invested in NanoString.

Comments

  • Can they make money?

    Cheezburger is a cool company and Ben Huh is a nice guy, by it looks like it’s cost them more than a dollar a user over the last two years (25 million users, $30 million raised and spent). If they haven’t figured out how to make money with 25 million users, are they ever going to figure it out?

  • http://twitter.com/iC cliveb

    Proving the attention economy and funding companies who help people ‘spend time’ rather than help people ‘save time’ is where VC’s see highest returns (srsly…?)

  • Fred Glastrom

    Mr. Huh is a con man. Why do people continue to give him money and why do reporters (like GeekWire) take him on his word? I have been covering this space for sometime and Lolcats etc. has LOST audience in the last few years. They are actually lower now than they were in 2010. Do you just take them at their word? Please ask them to provide you VERIFIED 3rd-Party data to support their traffic increase claims. They have no where near 25 million users and their competitors are eating their lunch. FACT CHECK this man just once!

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