UK-based Minute Media, a fan-driven sports media platform, has closed a $15 million investment round. This brings the total raised by the startup to $60 million. Minute Media plans to use the funds to expand into key global markets ahead of the 2018 World Cup. Investors in the round include Qumra Capital, and existing investors Battery Ventures, Dawn Capital and ProSieben.
Minute Media is a sports media and technology company, utilizing socially driven content created by fans. The company develops products that enable fans to create, publish, share and distribute sports content around the world.
Minute Media has been undergoing a period of growth, going from 30 million monthly users to 70 million over the last 12 months. The company has recently launched new offices in Sao Paulo, Singapore and Tokyo, and the new funding will help support continued development in these markets as well as in London, New York, Tel Aviv and Manila.
“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, in a statement. “We look forward to cementing our ascending position in the sports media industry for years to come.”
Launched in late 2011, Minute Media delivers over 20,000 pieces of original, socially-driven content, curated in 11 languages to users in more than 200 countries.
Read more: Business Wire