Batanga announced the completion of a major strategic round of financing. H.I.G. Ventures led the $5 million round.
"We are extremely excited to get the backing of such a strong investor," said Rafael Urbina, Batanga’s Chairman and CEO. "The resources and connections H.I.G. Ventures brings bring to the table, coupled with the momentum achieved through our recent merger of Batanga, give our company a great boost toward becoming the premier online destination for young Hispanics."