Allegro Raises $$, Buys Softland

Allegro Media Group, a producer of audio and video content, has raised $37 million in new funding. The round includes equity from existing shareholder Canterbury Park Capital, and a subordinated note and revolving line of credit from U.S. Bank. Allegro also announced that it has acquired Softland Corp., the exclusive distributor of audio and video entertainment products to the Marine Exchange Service.