The YouTube multi-channel and digital media company, MiTú, self-described as the emergent “voice of young Latinos in the U.S. and worldwide” today closed a $27 million Series C funding round. AwesomenessTV, WPP Digital (which you may remember from its early investment in “global youth media company” Fullscreen), and Verizon Ventures are among the latest additions to the Santa Monica-based company’s rolodex of investors.
The news of the venture round comes almost a year to the date after MiTú’s previous multi-million dollar funding announcement. Back in February 2015, Upfront Ventures (which you may remember from such successful online video investments and exits as Maker Studios) led a $15 million Series B, with Daher Capital, Northgate Ventures, and AMC Networks Inc. in tow. In aggregate, the entity founded by three Latino TV vets – Beatriz Acevedo, Roy Burstin, and Doug Greiff – has raised $43 million since its 2012 inception.
MiTú is a founding member of the Global Online Video Association.
Read the full article here: http://www.tubefilter.com/2016/01/13/mitu-funding-round-27-million-awesomenesstv-verizon-wpp/