I Can Has $30M? Cheezburger Raises Big Bucks

Never underestimate the power of a funny cat: Cheezburger, the publisher of esteemed sites like LOLcats and FAIL Blog, has just raised $30 million in its first round of institutional funding. The money will allow Cheezburger to "hire, hire, hire," says founder Ben Huh, who plans to bulk up the company's current roster of 50 employees. Android and iPhone apps are in the works, reports Mashable, which notes that Foundry Group, which led the funding, has also invested in Facebook darling Zynga. (More I Can Haz Cheezburger stories.)