Digital sports publisher Minute Media has successfully closed a $17 million (€13.5 million) funding round, as the company seeks to expand its platform, technologies and media assets.
The enterprise’s latest financing round was supported by Goldman Sachs and European venture capital firms’ La Maison Luxembourg and Vintage Partners.
Minute Media digital properties include popular football community 90Mins, US sports portal 12up and pro esports domain DBLTAP.
Founded in 2011 by the enterprise team of Asaf Peled (CEO), Gilad Beiman and Yuval Larom, Minute Media is has become a pioneer in developing ‘fan-first’ user-generated sports portals.
At present, Minute Media’s digital properties attract circa 80 million unique users each month, whilst offering sports content in twelve different languages.
Reporting continued growth since its inception, Minute Media operates offices in London, Tel Aviv, New York and Los Angeles.
Commenting on the successful funding round, Asaf Peled, Founder and CEO, Minute Media stated:
“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. The new funding enables us to leverage this differentiated approach to efficiently scale into new markets and content verticals”.