FunnyorDie, a humorous clone of the site HotorNot, has raised $3 million in venture funding from a single undisclosed investor, according to Reuters. In addition to this the terms of the financing have a provision for an addition $3 million commitment for marketing, publicity and promotional support. The site is supported by actor Will Ferrell and is seeded by Sequoia Capital.
Funny Or Die’s board of directors includes Kvamme, CEO Richard Glover, repeat entrepreneur Randy Adams, Creative Artists Agency executive Michael Yanover and comedy writer Adam Mckay.
