Tastemade Raises Another $40 Million for Its Booming Food-Video Business

Tastemade has had quite a year. The company, known for its quirky short-form videos about food, travel and lifestyle topics, hit the 100 million monthly active users mark, with more than 1 billion monthly views. On Facebook alone, Tastemade grew its audience from around 100,000 fans to more than 5.7 million. This year, the company joined Apple TV—the only food and travel channel on the platform—linked up with Facebook's Anthology and Suggested Videos, partnered with Spotify on the streaming music company's video service, and landed one of the 15 prized spots on Snapchat's Discover platform. As Tastemade, which was founded in 2012, heads into its fourth year, it will do so with deeper pockets. The video publisher announced this morning it has closed a $40 million Series D funding round led by Goldman Sachs, with participation from existing investors Redpoint Ventures, Raine Ventures, Comcast Ventures, Liberty Media, Scripps Networks Interactive, and Tohokushinsha Film Corporation. Tastemade had previously raised $40 million, bringing the total funding to $80 million. With the extra cash in hand, Larry Fitzgibbon, one of Tastemade's co-founders, wants to continue Tastemade's momentum, especially when it comes to working with brands. "All of that work has culminated into us reaching the exact consumer we thought we would at a scale we thought we would as well," said Fitzgibbon. "We are truly becoming the brands for our categories for that audience." Fitzgibbon noted... Continue reading at 'AdWeek'

[ AdWeek | 2015-12-17 00:00:00 UTC ]
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Wattpad has been sold to Naver, Korea’s leading internet platform, for $600 million.

Some news for self-published writers: this week, Publishers Weekly reported that Naver, Korea’s leading internet platform, is acquiring Wattpad for over $600 million in cash and stock. For those who aren’t among the 90 million people that used Wattpad in 2020, or who don’t have any fanfiction... Continue reading at Literrary Hub

[ Literrary Hub | 2021-01-22 18:51:40 UTC ]
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Indies raise concerns over 'nightmare' Brexit costs and delays

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[ The Bookseller | 2021-01-20 13:30:15 UTC ]
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The Millions Top Ten: December 2020

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[ The Millions | 2021-01-20 11:00:11 UTC ]
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Barrington Stoke partners with Raúf to shine spotlight on food poverty

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[ The Bookseller | 2021-01-17 19:46:51 UTC ]
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Self-Improvement Boom Sets Book Sales Off on Fast Start in 2021

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Food, Shelter, and the Public Library

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[ Publishers Weekly | 2021-01-08 05:00:00 UTC ]
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Wiley Buys Open Access Publisher for $298 Million

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The Cold Millions by Jess Walter, Read by a Full Cast

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Read Harder: A Food Memoir By an Author of Color

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Moomin marvellous: Brand raises £1m for Oxfam with Sort Of Books and Waterstones

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[ The Bookseller | 2020-12-21 05:12:22 UTC ]
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[ Publishers Weekly | 2020-12-16 05:00:00 UTC ]
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