Batanga Raises Mucho Dinero: $30 Million
Batanga is a Coral Gables (Miami), Florida based Latino entertainment and media website. Today, the company has raised $30 million in Series C from Tudor Ventures and H.I.G. Ventures. Batanga has 22 online radio stations, 2000+ music videos, Latin music blogs, music download stores, custom radio channels, and e-cards.
This model seems very similar to Yahoo! Music, but tailors more towards a specific demographic. Batanga’s radio services and membership is free.
Batanga was founded in 1999 by Troy McConnell and Rafael Urbina is the CEO. Batanga receives about 4.5 million unique visitors per month and millions of videos and songs are streamed per month. Competitors include AOL Latino, elhood.com, Univision.com, and Yahoo-Telemundo.
 Private Equity Hub: Batanga Raises $30 Million