Overtime, a NYC-based firm that builds new sports activities leagues aimed globally on the subsequent technology of sports activities followers and athletes, raised $100m in Collection D funding.
The spherical was led by Liberty Media Company and return investor Counterpoint International (Morgan Stanley), with participation from Winslow Capital, Bezos Expeditions, Blackstone and Sapphire Sport.
The corporate, which has now raised greater than $250m in complete funding, intends to make use of the funds to develop of OTE and OT7, to create new sports activities leagues, and key enterprise verticals together with e-commerce and web3, and proceed to put money into brief kind and lengthy kind digital content material throughout basketball, soccer, soccer, gaming, and sneakers.
Led by Dan Porter, CEO and co-founder, and Zack Weiner, President and co-founder, Extra time owns and operates OTE in basketball and OT7 in soccer, and leverages digital-first content material throughout its community of accounts partaking its neighborhood of over 65 million followers and followers. Its enterprise mannequin is pushed by sponsorships, model relationships, e-commerce, licensing and media rights.
With greater than 65 million followers, Extra time’s content material receives greater than 2 billion video views every month.