Digital-based sports media outlet Overtime has raised its funding up to $33.5 million after banking $23 million from investors.Noteworthy investors include NBA stars Kevin Durant, Carmelo Anthony, Victor Oladipo and many other businesses and financial moguls.
Overtime’s content currently focuses on high-school athletes, initially focusing on basketball before expanding to football, soccer and esports over the past year. The start-up company has grown quite a bit over the past year in fact, boasting a $100 million value, according to Porter.
Overtime, based out of Brooklyn, has lofty goals behind the minds CEO Dan Porter and president Zack Weiner who came together in 2016 to build the company from scratch.
“We’re trying to build the digital equivalent of a linear sports network,” said Porter “We need enough programming every day to feel like that’s real.”
Overtime has shown the potential to do just that as its video views raised from 112 million in January 2018 to over 550 million per month. Overtime has also more than doubled its staff, from 24 to 55.
Having tasted success at every digital platform and now having big names backing them financially, Overtime is ready to take the sports digital content world and make it its own. Overtime will continue to push out short and long-form video content as it continues to work toward becoming its own sports intellectual property with a variety of new and original digital content for its fans.