Minute Media Raises $40 Million in Funding to Enhance Technology Platform and Support Rapid Growth
Summary
The new funds will be used to support global expansion and enhancements to its tech publishing platform, further invest in the recently acquired The Players’ Tribune athlete-focused content and prepare for future acquisitions. The company is quickly establishing itself as a major player in the new generation of online publishing, empowering creators and audiences alike. Later this year, Minute Media will be releasing enhanced technology platform offerings which will further growth, efficiency and innovation across its own portfolio as well as its publishing partner sites. To date, Minute Media’s owned and operated destinations include The Players’ Tribune, 90min, 12up, DBLTAP, Mental Floss, The Big Lead and FanSided. Its roster of investments includes Mimecast (now NASDAQ-listed with a $3bn market cap), iZettle (sold to PayPal for $2.2bn cash), Collibra, Showpad, Dataiku, Templafy, Quantexa, Garrison and Tink, amongst others.
Funding
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