Overtime

Overtime

Sports media and e-commerce for youth athletes

About Overtime

Simplify's Rating
Why Overtime is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Differentiation

Industries

Consumer Goods

Entertainment

Company Size

501-1,000

Company Stage

Series D

Total Funding

$242.3M

Headquarters

New York City, New York

Founded

2016

Overview

Overtime.tv creates and shares original sports content aimed at young athletes and sports fans. The company produces high-quality videos, articles, and live streams, primarily focusing on basketball, and distributes this content through social media and its website. In addition to media, Overtime.tv operates an e-commerce platform where it sells branded merchandise like hoodies, tees, and sports accessories. What sets Overtime.tv apart from competitors is its strong connection with the youth sports market and its use of influencer collaborations to enhance brand visibility. The company's goal is to engage the next generation of athletes and sports enthusiasts while generating revenue through advertising, sponsorships, and merchandise sales.

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Simplify's Take

What believers are saying

  • Overtime raised $100M in Series D funding, indicating strong investor confidence.
  • The rise of sports betting legalization in the U.S. opens new revenue streams for Overtime.
  • Expansion of virtual reality in sports media offers innovative content delivery opportunities.

What critics are saying

  • Increased competition from emerging sports media platforms could dilute Overtime's market share.
  • Rapid evolution of social media algorithms may impact Overtime's content reach and engagement.
  • Growing ad-blocker usage among younger audiences could reduce Overtime's advertising revenue.

What makes Overtime unique

  • Overtime focuses on creating engaging, bite-sized sports content for younger audiences.
  • The company leverages influencer collaborations to produce authentic and relatable content.
  • Overtime has a robust e-commerce model selling branded merchandise to sports enthusiasts.

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Funding

Total Funding

$242.3M

Above

Industry Average

Funded Over

6 Rounds

Notable Investors:
Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Above Average

Industry standards

$77M
$70M
Twilio
$80M
Handshake
$100M
Affirm
$100M
Overtime

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↑ 0%

2 year growth

↑ 0%
PR Newswire
May 9th, 2023
Akismet And Arwen Form A Strategic Partnership To Keep The Web A Kinder, Safer Place

SAN FRANCISCO, May 9, 2023 /PRNewswire/ -- Akismet , the popular anti-spam product developed by Automattic , is announcing a strategic partnership with Arwen.ai .Akismet and Arwen are like-minded companies, each with a similar vision for the future of the web.Akismet and Arwen.ai logosAkismet uses AI to intelligently keep spam off of over 100 million websites. Arwen uses AI to intelligently remove harmful and unwanted comments from a brand's social channels. What perfect timing, in light of Mental Health Awareness month, for the two to come together to make the web a kinder, safer place.This partnership will provide top-tier security and moderation solutions to some of the world's most influential companies and personalities. From ConvertKit, Netlify, and Bluehost to Formula One teams like Red Bull, Alpine, and Mercedes. As well as major media players like ITV and Overtime.tv to superstar drivers like Lewis Hamilton and George Russell.Akismet, which works on any content management system, is a service that offers real-time filtering of spam from comments, form submissions, trackbacks, and chat system messages. It is used by approximately 100 million websites, including some of the largest publishers in the world

Benzinga
Apr 17th, 2023
Overtime Adds Former Major League Baseball Cfo Jonathan Mariner To Board Of Directors

Next generation sports brand continues expansion creating disruptive sports IPBROOKLYN, N.Y. (PRWEB) April 17, 2023 Overtime, the leading brand for the next generation of sports fans, announced today that former Major League Baseball CFO Jonathan Mariner, has joined the organization's Board of Directors. Following the appointment of Mariner, the Board will be comprised of seven members including co-founders Dan Porter and Zack Weiner, Liberty Media Vice President of Corporate Development Josef Hoelscher, Sapphire Sport Partner Michael Spirito, Winslow Capital Management Growth Portfolio Manager Kelly Flynn and business mogul Daymond John. Mariner, who was an early senior advisor in the development of Overtime Elite, is a private investor, entrepreneur, and independent board member with more than two decades of experience working in professional sports. "It is remarkable how quickly Overtime has grown since a small group of us joined the team several years ago to initially explore the idea of a dedicated professional basketball league," said Jonathan Mariner. "I can remember those early meetings and conversations about how to shape Overtime Elite, and to see how it has now grown and developed is a testament to the leadership and staff who have created something special

Finsmes
Aug 9th, 2022
Overtime Raises $100M In Series D Funding

Overtime, a NYC-based company that builds new sports leagues aimed globally at the next generation of sports fans and athletes, raised $100m in Series D funding. The round was led by Liberty Media Corporation and return investor Counterpoint Global (Morgan Stanley), with participation from Winslow Capital, Bezos Expeditions, Blackstone and Sapphire Sport

PRWeb
Aug 9th, 2022
Overtime Raises $100 Million In Series D Funding Round Led By Liberty...

“Our investors, new and previous, see the massive growth potential of Overtime Elite and OT7, both of which have developed hyper engaged audiences, as well as the potential for future sports leagues as well" - Dan Porter, Overtime’s CEO and co-founder. Overtime announced today that it has raised $100 million in Series D funding led by Liberty Media Corporation and return investor Counterpoint Global (Morgan Stanley). Liberty Media has ownership stakes in high profile sports and media companies including Formula 1, the Atlanta Braves, SiriusXM and Live Nation Entertainment

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