Mitu Raises $27M For Latino Digital Media

Santa Monica-based digital media firm mitu, which focuses on the Latino youth market, is announcing this morning that it has raised $27M in a Series C funding. mitu, which is led by Roy Burstin, said the new round includes AwesomenesssTV, WPP Digital, and Verizon, along with existing investor Upfront Ventures. mitu said the new round brings its total raised to $43M. mitu says it now has a network of more than 2 billion, and 6,000 Latino creators offering up social media feeds on YouTube, Facebook, and elsewhere. More information »