Kevin Rose Raises More Capital, Takes A Slice Of Cake

Digg has raised a new $27.5m in funding instead of being purchased. (total funding to $40m now)
The C round, led by new investor Highland Capital Partners, which had help from existing investors Greylock Partners, Omidyar Network, SVB Capital.
The money will go towards increasing staff, publisher analytics, marketing, new offices, localized digg sites and more.
Supposedly Kevin Rose has included some of his stock in the deal. He certainly doesn’t need any more beer money after his new deal with Michelob for Digg Nation.

Made tiny from: TechCrunch.com