Minute Media secures m venture backing accelerating its global appeal
Minute Media has confirmed that it has raised a further $40 million in venture capital, helping accelerate the digital sports publisher’s next stage of global growth and further product launches.
Closing its latest funding round led by London-based VC fund Dawn Capital, Minute Media raises its total enterprise funding to date to $160 million.
A transformative 2019, saw Minute Media aggressively expand its US publishing network, acquiring the high coverage assets of NFL news source ‘The Big Lead’, fan content publisher ‘Fansided’ and baseball legend Derek Jeter’s athlete-focused domain ‘The Players’ Tribune’.
Backing Minute Media’s global ambitions, Asaf Peled enterprise founder and CEO said; “We are grateful to have the confidence of industry-leading investors to support our vision of building digital publishers rooted in strong technology. This round of funding will help us invest in our technology platform and enable us to look at new digital brands as acquisition targets.”
Minute Media’s US acquisition drive, sees the publisher strengthen its established media network, operating leading football fan community ‘90mins’, leading esports publisher ‘DBLTAP’ and millennial news and entertainment portal ‘Mental Floss’.
Leading the investment, Dawn Capital detailed that it was backing the development of sports and entertainment’s most diverse publishing network, beefing up its asset for global expansion.
Backing Minute Media’s ambitions, Haakon Overli General Partner at Dawn Capital, said: ” Following explosive revenue growth in 2019, we’re pleased to back the team once again, allowing them to accelerate R&D and commercial efforts further still.”
“Minute Media’s best-in-class platform enables publishers to create, distribute and monetize high-quality content. The company is quickly establishing itself as a major player in the new generation of online publishing, empowering creators and audiences alike.”
Source: SBC News
You must be logged in to post a comment.