Sports publishing platform Minute Media, announced on Wednesday that it raised $40 million in a funding round led by Dawn Capital, with participation from existing investors.
Founded in 2011 by Asaf Peled, Gilad Beiman, and Yuval Larom, Minute Media is a global digital media publishing company focused on content and advertising solutions. It owns seven digital media publications such as The Players’ Tribune, 90min, 12up, DBLTAP, Mental Floss, The Big Lead and FanSided.
Minute Media has raised $160 million in total funding to date.
The company says the new funds will be used to support global expansion and enhancements to its tech publishing platform, further invest in the recently acquired The Players’ Tribune athlete-focused content, and prepare for future acquisitions.
“Minute Media’s best-in-class platform enables publishers to create, distribute and monetize high-quality content,” said Haakon Overli, general partner at Dawn Capital, in a statement. “The company is quickly establishing itself as a major player in the new generation of online publishing, empowering creators and audiences alike. 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.”
“It’s been a year of rapid growth for Minute Media, with the acquisition of The Players’ Tribune, FanSided and The Big Lead and we are bullish on what 2020 has in store,” adds Asaf Peled, Minute Media founder and CEO.