Remezcla, a Latino millennial media brand, raised up to $11m in Series A financing.
The financing includes a $5m investment from Hemisphere Media Group, Inc. (NASDAQ: HMTV).
The company intends to use the funds for the expansion of its video production studios in Bushwick, Brooklyn.
Founded in 2006 by CEO Andrew Herrera, Remezcla is digital brand for young, bicultural Latinos which today reaches an audience of 40m. The investment will enable the company to expand its digital video presence – producing everything from short-form videos for social media to long-form episodic series across its five verticals (Culture, Music, Film, Food and Sports).
Remezla will announce its new original video slate later this summer.