Cooking.com Raises $16 Million in Venture Capital
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Santa Monica, CA-based Cooking.com said it has secured $16 million in second-round financing from its existing investors and a new group led by Vanguard Venture Partners.
Cooking.com also announced a two-year, multimillion-dollar deal with America Online to become a programming partner in the Food & Cooking Web Center on AOL.com.
Under the agreement, Cooking.com will provide recipes, information and products on AOL.com's Food & Cooking Web Center. Cooking.com offers 4,000 brand-name products, recipes and advice from world-renowned chefs. This expands on Cooking.com's prior agreement with AOL for placement in AOL's Shopping Channel.
Cooking.com will have also have a significant presence in the Gourmet and Grocery and Home and Garden shopping areas of both AOL and AOL.COM.
Existing investors Idealab Capital Partners, Dynafund Ventures, and Moore Capital also participated in this round.