Minute Media, a global technology and digital publishing platform, has announced it has raised $40 million in venture capital, bringing its total funding to $160 million.<\/p>\n
This latest round of funding was led by Dawn Capital with participation from existing investors.<\/p>\n
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\u2019 Tribune athlete-focused content and prepare for future acquisitions.<\/p>\n
\u201cIt\u2019s been a year of rapid growth for Minute Media, with the acquisition of The Players\u2019 Tribune, FanSided and The Big Lead and we are bullish on what 2020 has in store,\u201d said Asaf Peled, Founder and CEO of Minute Media.<\/p>\n
\u201cWe are grateful to have the confidence of industry-leading investors to support our vision of building digital publishers rooted in strong technology. This round of funding will help us invest in our technology platform and enable us to look at new digital brands as acquisition targets.<\/p>\n
Haakon Overli, General Partner at Dawn Capital, added: \u201cMinute Media\u2019s best-in-class platform enables publishers to create, distribute and monetize high-quality content. 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\u2019re pleased to back the team once again, allowing them to accelerate R&D and commercial efforts further still.\u201d<\/p>\n
Minute Media\u00a0is the owner of seven digital media publications across the world, including 90min, DBLTAP, 12up, Mental Floss, The Big Lead and recently acquired The Players\u2019 Tribune and FanSided.<\/p>\n
Later this year, Minute Media will be releasing enhanced technology platform offerings which will further growth, efficiency and innovation across its own portfolio as well as its publishing partner sites.<\/p>\n","protected":false},"excerpt":{"rendered":"
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