Digital

Tastemade raises $25m in funding led by Scripps

Digital network Tastemade has raised US$25 million in an investment round, led by Food Network owner Scripps Networks Interactive.
June 27, 2014

Digital food network Tastemade has raised US$25 million in an investment round, led by Scripps Networks Interactive.

The Series C funding round also includes existing investors Redpoint Ventures, Raine Ventures and Comcast Ventures, and brings the MCN’s total funding to about $40 million.

Scripps has a vested interest in “staying abreast” of the changing media environment, and is staking a claim in the food category,┬ásaid Joseph G. NeCastro, chief financial and administrative officer, Scripps Networks Interactive, in a statement about the investment.

“Tastemade is bringing real innovation to the digital food space,” he said. “Today’s food lover is both creating and sharing content, and Tastemade has developed technology to harness this creativity through the power of video.”

Scripps owns Food Network and Ulive, both of which make original programming around food and lifestyle.

Along with the funding announcement, Tastemade said it plans to release its app for Android later this month, which will be available first on Samsung devices via Google Play.

The app will allows consumers to create their own bite-sized, HD-quality episodes of the places and dishes they love and share them across mobile and social platforms.

Growing at triple-digit rates year-over-year, the Tastemade Network now reaches over 18 million monthly unique visitors (YouTube Analytics) across more than 200 territories and in over a dozen languages.

  • From Stream Daily
About The Author
Managing editor with realscreen publication, an international print and online magazine that covers the non-fiction film and television industries. Darah is an award-winning journalist who has spent over two decades covering a wide range of issues from real estate and urban development to immigration, politics and human rights, primarily with The Vancouver Sun. Prior to joining realscreen, she was editor of Stream Daily, realscreen's sister publication covering the dynamic global digital video industry. She also served a stint as a war reporter in Afghanistan for television and print, and was a national business blogger with Yahoo Canada.

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