Minute Media Closes On $15M Investment Round, Latest Sign Of Company's Growth

Minute Media, parent company of digital sports outlets 90min and 12up, has closed on a $15M investment round, led by Israeli late-stage venture fund Qumra Capital. The new round, the company’s fourth to date, brings the total investment in Minute Media to $60M. The company has been in a period of accelerating audience growth, reaching ninth in January’s comScore rankings of digital sports media properties with a total of 17.7 million unique visitors. The new funding will be targeted in part toward international development, following the recent opening of offices in Sao Paulo, Singapore and Tokyo.