Will Ferrell's FunnyOrDie raises $3 mil

December 22, 2008 Internet comedy site FunnyOrDie, supported by 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. The company has evolved from a comedy-only video site into a multiproperty media company, with video portals for cooking advice, video gaming, extreme sports, British comedy, Brazilian comedy and a site with videos of heroes called "GreatAmericans" -- the only of the company's sites not branded with the "...or Die" moniker.

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