Tastemade Digital Video Food Network Raises $40 Million

Los Angeles Times: Tastemade, a Santa Monica-based digital network for food and travel videos, said that it closed a $40-million round of funding last week led by Goldman Sachs. The investment will be used to hire more staff to propel the network’s expansion across nearly a dozen digital video platforms that it currently caters to, including Apple TV, Snapchat and Facebook. Tastemade is particularly adept at reaching millennials. About 60% of its 100 million active monthly users are 18 to 34.