Today, global publishing platform Minute
Media announced that it raised $40 million in a funding round with
new investors Hamilton Lane and Maor Investments. The company’s existing
investors include Battery Ventures, Goldman Sachs, ProSieben, Dawn
Capital, Qumra Capital, Vintage Investment Partners and Gemini Israel
Ventures. This brings Minute Media’s total funding to $120 million
to-date. Minute Media has created the industry’s leading digital
publishing platform and uses this 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 leading
publishers and digital brands.
“With the commercial momentum we’re experiencing as an organization,
growing at 100% year-on-year, we’re purposely focusing investment on the
deepening of our publisher product and tech offering — a part of our
business that is rapidly expanding. Additionally, the new capital
enables us to continue to be aggressive on the M&A front, constantly
looking to acquire premium publishing brands across new content
verticals and within new markets,” said Asaf Peled, Founder & CEO.
Currently, Minute Media owns and operates five media brands powered by
its proprietary technology platform including 90min,
DBLTAP,
12up
and its two recently acquired brands—Mental
Floss and The
Big Lead. Combined, Minute Media’s properties reach more than 140
million monthly and feature original content in 12 languages. In the
U.S. specifically, Minute Media reached #1 in Comscore’s Video Metrix
across the sports sector for unique multi-platform viewers in February,
March and April 2019.
Minute Media currently employs over 200 people worldwide, including a
broad U.S. presence with headquarters in NYC and additional offices in
London, Tel Aviv, Sao Paolo, Singapore, Tokyo and Manila.
To learn more about Minute Media visit https://www.minutemedia.com.
About Minute Media
Minute
Media is a leading media and technology brand focused on two main
pillars—platform and content. Minute Media’s platform serves as the
company’s foundation, powering its content as well as enabling the
evolution of other market-leading digital media brands. To date, Minute
Media’s owned and operated destinations include 90min,
12up,
DBLTAP,
Mental
Floss and The
Big Lead—all of which write their content from a relatable friend’s
point-of-view.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190612005114/en/