Sports Platform Minute Media Raises $17M From Goldman Sachs, Vintage Partners

May 15, 2018 | Sports and tech publishing platform Minute Media, announced on Tuesday that it raised $17 million in a Series F funding round comprised of new investors including Goldman Sachs and Vintage Partners, as well as existing investors such as Battery Ventures, Dawn Capital and Qumra Capital. The latest funding round brings the total raised by Minute Media since its founding in 2011 to $77 million. Minute Media operates three sports platforms: 90min, a leading global football publisher, DBLTAP, the esports brand focused on stories beyond the stage, and 12up, the US sports brand at the intersection of sports and pop culture. Minute Media allows fans to share their passion for the game with millions of other fans by creating articles, quizzes, slideshows, videos, listicles and other multimedia content to tell the stories behind the game. Minute Media has partnerships with dozens of third party publishers and brands including Sports Illustrated, USA Today Sports Media Group, MSN, ProSieben, and Horizon Media. The company employs 180 people in offices in Tel Aviv, New York, Los Angeles, London, Singapore, Tokyo, Manila, and Sao Paolo. The company says its revenue increased 130 percent from 2016 to 2017 “driven by a substantial investment into technology diversification and the launch of several mobile web product solutions and that upward trend is expected to continue in 2018.” Minute Media Founder and CEO Asaf Peled said in a statement that “unlike traditional players in our industry, our tech-driven approach to publishing has been key to our growth during such challenging times in digital media. We are clearly cemented at the intersection of platforms, publishers and communities.” Aaron Siegel, Managing Director at Goldman Sach said “the team at Minute Media is rewriting the playbook for sports media. Their focus on product, fan empowerment and global scale are key differentiating ingredients in the sector. We look forward to being a part of the continued growth.”