Minute Media's Latest Invesment Round Includes Goldman Sachs
Minute Media, parent company of digital sports media outlets 90min, 12Up and DBLTap, has closed on a $17M Series F investment round that includes new investors Goldman Sachs and Vintage Investment Partners, as well as existing investors including Battery Venues, Dawn Capital and Israeli late-stage venture fund Qumra Capital, among others. The new round, the company’s fifth to date, brings the total investment in Minute Media to $77M and follows a $15M round early last year. The funds, in development since last fall, will be targeted in part for growth opportunities, including an expansion of its software-as-a-service business licensing its content technology to other publishers and digital brands. “We want to double down on the things that differentiate us and that we are doing well,” said Minute Media President & CRO Rich Routman. Minute Media over the past several years has become a mainstay in monthly comScore rankings of digital sports media properties, placing 11th in the April rankings for unique visitors.