Canela Media closes $32m Series A funding

Canela Media, a digital media technology company, has announced the completion of an oversubscribed $32 million (€28.6m) Series A funding round.

The investment was co-led by Acrew Capital and Angeles Investors with participation from Link Ventures, TEGNA Ventures and Samsung NEXT. BMO Harris Bank provided an additional $10 million of capital. In addition, existing investors BBG Ventures, Mighty Capital, Reinventure Capital, Portfolia’s Rising America Fund, Alumni Ventures and Powerhouse Capital, continued its participation, bringing Canela Media’s total funding to date to $35 million.

Source: Canela Media closes $32m Series A funding