Yes.
The Huffington Post, Business Insider, GigaOM, The Bleacher Report and many more have.
You have almost 0 chance of raising money until you have a serious sized audience though, unless you have a rockstar background like being Editor in Chief at Engadget. There really is no excuse not to be able to organically grow a blog.
With blogging do you not find that you have to have the determination and dedication to wanting to get your words out there (and thus you find time to write one blog post a day) or maybe you shouldn't be doing a blog - perhaps reach out to the startup foundry or the next web as a contributor?