Zazzle Rumor: Big Hedge Fund Investment

Here’s an unconfirmed but well sourced rumor: silicon valley based Zazzle will be closing a second round of financing in the $30 million range, at a $300+ million pre-money valuation. The round is expected to be led by an as-yet-unnamed hedge fund. Kleiner Perkins (which led the company’s $16 million Series A round in 2005, is supposedly also particpating in the round. Look for confirmation from the company in the next couple of weeks.

The company competes with CafePress and others.