Variety reports that Kate del Castillo has invested in Combate Americas in the latest round of funding. The Mexican actress is known for her Netflix documentary, “The Day I Met El Chapo.”
Del Castillo has acquired an equity stake in Combate Americas in the company’s latest part of a $20 million Series B round of funding. The company now has raised $38 million. It was not disclosed of the amount the actress has invested although its being described as a “significant shareholder.”
It appears that del Castillo will take an active role in her new investment. She will chair a new advisory board for the MMA promotion focusing on women in the sport. While a boxing fan, del Castillo sees the investment as a way to support the Hispanic community. Combate Americas draws a large Hispanic audience.
She will make her first major appearance for the organization on April 26 with the promotion holds an event at the Galen Center in Los Angeles. The event will be televised on Univision and will be an all-women’s main card.
Payout Perspective:
The investment will help the promotion and del Castillo’s name obviously gives it some notoriety which will crossover to mainstream Hispanic audiences. Also, it is a move to draw more females to watch as it looks like del Castillo will try to make a run at promoting the sport to women.
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