The sports content publishing platform increased its overall funding to $120m with a ProSiebenSat.1-backed round that will enable it to extend its M&A activities.

UK-based sports-themed publishing platform Minute Media has collected $40m in funding from investors including ProSieben, the television network subsidiary of media group ProSiebenSat.1.

Investment banking firm Goldman Sachs, Hamilton Lane, Maor Investments, Battery Ventures, Dawn Capital, Qumra Capital, Vintage Investment Partners and Gemini Israel Ventures also took part in the round.

Founded in 2011, Minute Media has created a technology platform than enables users to curate, publish and share sports-focused content online. Its properties include 90min, DBLTAP and 12up, as…