The ProSiebenSat.1-backed digital publisher is now valued at $500m, having secured $40m in a round that took its total funding to $160m.

Minute Media, a UK-based sports and entertainment-focused digital publishing platform backed by media group ProSiebenSat.1, picked up $40m yesterday in a funding round led by venture fund Dawn Capital. The other participants in the round were not disclosed but it valued the company at more than $500m post-money, sources told Axios. Founded in 2011, Minute…

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