New York based digital financial news startup Cheddar announced $22m of Series D financing led by Raine Ventures. The valuation on the round was $160m.
Cheddar has been the poster child for creating distinctive, high quality original content with its scoops, interviews, live broadcast innovations, distribution deals, and ad products,” Gordon Rubenstein, managing partner of Raine Ventures, said in a statement. Related Financial-News Startup Cheddar Raises $19 Million From Amazon, AT&T, NYSE, Broadway Video and Others Propagate to Recut Cheddar's Financial News for International Markets Cheddar isn’t disclosing financials but says it expects to more than double revenue this year. The latest funding brings it to about $54 million raised to date.