nuvoTV has obtained $40 million in financing that will be used to expand its original entertainment programming. The round of funding comes from current investors, including Columbia Capital and Rho Capital Partners, as well as new financial partners Veronis Suhler Stevenson and Tennenbaum Capital Partners.
“Our most recent financing is evidence of our success to date and our commitment to deliver unique and compelling original programming for our viewers,” said nuvoTV CEO Michael Schwimmer in a statement.
Created more than 8 years ago as SíTV, the first English-language television network for American Latinos, the network was rebranded in July of 2011 to nuvoTV.
This summer, nuvoTV debuted “Fight Factory,” a one-hour docu-series taking a look inside the world of top Latino MMA fighters and recently produced the special “We Decide: Latinos and the 2012 Election.” The network is scheduled to premiere three more new programs this Fall: “Mario Lopez One-on-One,” “The 7 of Clubs” and “Curvy Girls.”