Minute Media, a NYC-based global technology and digital publishing platform, raised $40m in venture capital funding.
The round, which brought total funding raised to date to $160m, was led by Dawn Capital with participation from existing investors. 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.
Led by Asaf Peled, Founder and CEO, Minute Media is the owner of seven digital media publications across the world, including 90min, DBLTAP, 12up, Mental Floss, The Big Lead and recently acquired The Players’ Tribune and FanSided. The company uses its proprietary technology to power content and media solutions for its own properties in addition to the licensing of standalone and full stack solutions to other publishers and digital brands.
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.
It is backed by Battery Ventures, Goldman Sachs, ProSieben, Dawn Capital, Qumra Capital, Vintage Investments, Gemini Ventures, North Base Media, La Maison, Remagine Ventures, Hamilton Lane and Maor Investments.