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MinuteMedia Raises $40 Million

MinuteMedia Raises $40 Million

MinuteMedia is the publisher behind several sports news outlets

Hagar Ravet  :  2019-06-12T16:00:30..
London-headquartered sports media company MinuteMedia Ltd. has raised a $40 million funding round, the company announced Wednesday. The series G round was led by Nasdaq-listed Hamilton Lane Inc. and Luxembourg-based Maor Investments. Previous investors Goldman Sachs and Tel Aviv-based late-stage venture capital firm Qumra Capital also participated in the round. The latest round brought Minute Media’s total funding raised to date to approximately $120 million.

MinuteMedia is the publisher behind several sports news outlets, including 90min, which is dedicated to soccer, DBLTAP which focuses on esports, and 12up, dedicated to major U.S. sports leagues. According to company data, their content is viewed by more than 80 million unique users per month. The company lists Sports Illustrated, USA Today, and MSN as partners.

Originally founded in Israel in 2011, the company employs some 220 people in offices in Tel Aviv, Tokyo, Sao Paulo, Asia, and the U.S.

Asaf Peled, co-founder and CEO of Minute Media. Photo: PR Asaf Peled, co-founder and CEO of Minute Media. Photo: PR Asaf Peled, co-founder and CEO of Minute Media. Photo: PR

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