TUBEFILTER: MiTú Closes $27 Million Funding Round From AwesomenessTV, Verizon, WPP

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 roundAwesomenessTVWPP 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 CapitalNorthgate Ventures, and AMC Networks Inc. in tow. In aggregate, the entity founded by three Latino TV vets – Beatriz AcevedoRoy 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/

Source: http://www.tubefilter.com/2016/01/13/mitu-...