Cheddar announced a $22M funding round (Series D) that values the company at ≈ $160M.
Big increase: They were valued at $85M last year!
What is Cheddar? Cheddar is a “Post-Cable Network” that broadcasts live from the New York Stock Exchange. They are primarily distributed outside of the cable bundle (over-the-top) but have recently struck interesting distribution deals.
New network: The new funding will be used to launch a second network called Cheddar Big News.