Boston Foundation takes equity stake in El Tiempo Latino owner

What's the deal? The Boston FoundationDealroom has a profile for this one. Try Dealroom → has made an equity investment in the owner of El Tiempo LatinoDealroom has a profile for this one. Try Dealroom → through its Business Equity Fund. The early-stage deal includes a board seat for the investor.

Why it matters? The stake represents a rare equity buy-in by a philanthropic organization of a for-profit media company.

Who's involved? The round backs the Spanish-language outlet El Tiempo Latino, with the Boston Foundation and its Business Equity Fund as investors.

The signal: Philanthropic capital is increasingly flowing into for-profit media through equity rather than grants, giving funders a board-level role in the businesses they support.

Read more: bizjournals.com

Image credit: teofilo