AAA Scripps leads $25m Tastemade series C

Scripps leads $25m Tastemade series C

US-based, food-focused media network Tastemade has raised $25m in a series C round led by media firm Scripps Networks Interactive.

Other corporate participants in the round included Liberty Media, a holding company with interests in television programming and e-commerce, and Comcast Ventures, the corporate venturing affiliate for Comcast. Returning investors Raine Ventures and Redpoint Ventures also took part.

Founded in 2012, Tastemade offers a social network and advertising platform for chefs, restaurants and food enthusiasts to share recipes, pictures and videos of various dishes, using third party video sharing sites to host content.

The funds raised will be used develop and expand Tastemade’s platform and community, and to expand content partnerships with leading brands.

In August 2013 Tastemade released a standalone app exclusively for the iPhone and iPad, however following this latest round a compatible app for the Android platform will be released as well.

Tastemade’s previous rounds included a $10m series B raised from Raine and Redpoint in August 2013, which followed a $5.3m series A investment from Redpoint in March of the same year. In total the company has raised $40.3m to date.

Leave a comment

Your email address will not be published. Required fields are marked *