Sí TV Secures $24M in Venture and Debt Financing

Sí TV, an independent entertainment television targeting young American Latinos who prefer watching tv in English, has raised $24m in equity and debt financing.
The equity part of the financing came from the existing group of investors in the company.
As also stated by Michael Schwimmer, Chief Executive Officer at Sí TV, the proceeds will help the company strengthen its financial position and support growth initiatives, including additional investment in the creation and acquisition of high quality content.
Javier Saralegui, who served as former President and COO at Univision Online and President at Galavisión, has recently joined Sí TV’s board.

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