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Batanga Receives $30 Million Expansion Round

Tuesday, August 14, 2007 5:00:00 AM PDT | VentureDeal Staff

MIAMI, FL -- Internet company Batanga.com announced that it has raised a $30 million series C round of venture capital financing.

Batanga has created a multi-platform approach to targeting "New Generation" Latinos - via online entertainment, social networking, live events and targeted Hispanic publications.

Tudor Ventures lead the round, which included existing investor HIG Ventures and advisor Thomas Weisel Venture Partners.  The funding proceeds will be used for sales and marketing expansion as well as further development of the company's social media and online content products.

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