Tastemade Raises $forty Million From Goldman Sachs To Make Meals Movies

Tastemade Raises $40 Million From Goldman Sachs To Make Food Videos

Tastemade, the maker of meals and way of life movies, has raised a $forty million financing spherical led by Goldman Sachs. Collaborating buyers within the Collection D spherical embrace, Redpoint Ventures, Comcast Ventures, Liberty Media and Scripps Networks.

Based in 2012, Los Angeles-based mostly Tastemade says it has one hundred million month-to-month lively viewers on its Tastemadenow programming and over 1 billion views of its content material throughout all platforms together with YouTube, Fb, Snapchat and Apple TV.

Larry Fitzgibbon, co-founding father of Tastemade advised TechCrunch that they goal to be the “international meals and journey community  for digital platforms targeted on reaching millennial audiences.” Tastemade is “targeted on reaching cellular shoppers and reaching them by means of video.”

Sponsors of Tastemade content material have included American Categorical and Anheuser Busch.

“As video and cellular take middle stage within the media enterprise, Tastemade is extremely nicely positioned to take full benefit of this international alternative,” stated Mark Midle of Goldman Sachs, in a press release. “We’re excited to associate with Larry, Steven, Joe, and the complete staff as we work collectively to construct a tremendous media enterprise for the subsequent era.” Midle is becoming a member of Tastemade’s board.

Tastemade has beforehand raised no less than $forty million in funding from Scripps Networks, Redpoint Ventures and Raine Ventures.