Sports media company Minute Media, parent company of 90min and 12up has announced the closing of a $15 million investment round. The round was led by an Israeli late stage fund called Qumra, as well as existing investors Battery Ventures, Dawn Capital and ProSieben. This brings Minute Media’s total funding since inception to $60 million.
The proceeds are intended to help Minute Media expand into key global markets ahead of the 2018 World Cup.
“Between the development of key platforms in advance of the 2018 World Cup, our forthcoming esports brand launch, and our core audience growth objectives, we are very excited about 2017 and what’s to come,” said Asaf Peled, Minute Media Founder and CEO. “We look forward to cementing our ascending position in the sports media industry for years to come.”
Minute Media is a sports media and technology company that allows fans to create, publish, share and distribute sports content around the world. In the past 12 months they have experienced significant growth going from 30 million monthly users to 70 million. The Company was launched in 2011 and now delivers over 20,000 pieces of original content to users in more than 200 countries.