Overtime, a NYC-based company that builds new sports leagues aimed globally at the next generation of sports fans and athletes, raised $100m in Series D funding.
The round was led by Liberty Media Corporation and return investor Counterpoint Global (Morgan Stanley), with participation from Winslow Capital, Bezos Expeditions, Blackstone and Sapphire Sport.
The company, which has now raised more than $250m in total funding, intends to use the funds to grow of OTE and OT7, to create new sports leagues, and key business verticals including e-commerce and web3, and continue to invest in short form and long form digital content across basketball, football, soccer, gaming, and sneakers.
Led by Dan Porter, CEO and co-founder, and Zack Weiner, President and co-founder, Overtime owns and operates OTE in basketball and OT7 in football, and leverages digital-first content across its network of accounts engaging its community of over 65 million fans and followers. Its business model is driven by sponsorships, brand relationships, e-commerce, licensing and media rights.
With more than 65 million followers, Overtime’s content receives more than 2 billion video views each month.
FinSMEs
09/08/2022