February 25

Canela Media Raises $32 Million in Series A Funding Round

By Jon Lafayette

Canela Media, the Latino-owned digital media technology company, said it raised $32 million in a series A funding round.

The funds raised will be used to accelerate product development and produce original programming for Canela TV and Canela Music and help the company expand further into Latin America. The company also plans to rollout a Canela Kids app.

The round was led by Acrew Capital and Angeles Investors, with participation from Link Venture, Tegna Ventures and Samsung Next. Previous inventors BBG Ventures, Mighty Capital, Reinventure Capital, Portfolia’s Rising America Fund, Alumni Ventures, Powerhouse Capital and BMO also participated.

Photo courtesy of Paolo Chiabrando.

Source: Broadcasting & Cable (link opens in a new window)

Investing, Technology
impact investing, media and entertainment