Cheezburger Network: Cat Photo Empire

While media’s biggest name cast about for a viable digital strategy, some of the biggest venture capitalists are betting there’s a gold mine out there in cat photos with cute messages written on them.

The Cheezburger Network, which publishes the leading site dedicated to the Internet meme lolcats, closed a $30 million round of funding. Zynga investor Foundry Group led the round, which also included Madrona Venture Group, Avalon Ventures and Softbank Capital Group.

The Web publisher, which previously raised $2.25

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