Tuesday, January 18, 2011

Cheezburger Deal Spawned Out Of LA's TwiistUp

The $30M funding deal for Seattle's Cheezburger, the web publisher best known for its LOLcats-themed I Can Has Cheezburger? and FAIL Blog web sites, apparently was spawned out of an introduction at last year's Twiistup technology conference, according to investor the Foundry Group. According to the Foundry Group, which led the funding round for Cheezburger, the investment came as a result of an introduction between Foundry and Cheezburger CEO Ben Huh about 18 months ago at the LA TwiistUp event. Foundry Managing Director Brad Feld and Huh were both on a panel at Twiistup together. Along with Foundry, both Madrona Ventures and San Diego's Avalon Ventures were investors in the round. More information »