Will Ferrell is kicking it up with his Internet franchise.
Internet comedy site Funny Or Die, supported by actor Will Ferrell and seeded by Sequoia Capital, has raised $3 million in cash from a single, undisclosed investor.
The financing also includes an additional $3 million commitment for “in-kind contributions for marketing, publicity and promotional support for programing,” according to a regulatory filing.
It is not clear if the regulatory financing augments a $15 million investment reported by Portfolio Magazine earlier this year, or if it is aof that financing.
Palo Alto, Calif.-based Funny Or Die also sold an equity stake of less than 10 percent to cable channel HBO during the summer, according to reports. That transaction may be what triggered the recent filing. The $3 million investment is the only filing the company has made with the .
Very interesting to see how this is all playing out.
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