- Companies
- Overtime
Overtime Revenue, Valuation, Funding & Investors
Overtime is valued at $500M as of August 2022, a 10.0x revenue multiple. Overtime revenue was $50M, as disclosed with its latest round.
Last Overtime valuation
$500M
Series D · Aug 2022
Last Overtime funding round
Strategic investment
Amount undisclosed · Sep 2026
Overtime revenue
$50M
Series D · Aug 2022
Key investors in Overtime
Andreessen Horowitz
Bezos Expeditions
359 Capital
Counterpoint Global
Greycroft
Blackstone
About Overtime
Overtime is an American sports media company that started as a Brooklyn start-up and is aimed at Generation Z fans, which distributes original sports content on social platforms such as YouTube, Snapchat and Facebook and sells branded apparel. It was founded in late 2016 by Dan Porter and Zack Weiner and began with short-form videos of high school athletes filmed on iPhones, helping build the profiles of future NBA stars such as Zion Williamson and Trae Young, before adding longer documentaries through OT Films. The company has since become a league operator: it launched Overtime Elite, a professional basketball league for 16- to 19-year-olds who receive salaries and equity, in 2021, the seven-on-seven football league OT7 in 2022 and Overtime Boxing (OTX) in 2023. It earns money from advertising and brand partnerships, such as its adidas apparel deal and NFL content partnership of 2023, as well as media rights, events and merchandise. Overtime raised a $2.5 million seed round in 2017, $9.5 million led by Andreessen Horowitz in 2018, $23 million in 2019, an $80 million Series C in April 2021 with backers including Jeff Bezos and Drake, and a $100 million Series D in August 2022 with Liberty Media. Co-founder Dan Porter left the company in March 2026.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Advertising
Revenue
$50M (Aug 2022)
Valuation
$500M (Aug 2022)
Sectors
Overtime Valuation
Overtime is currently valued at $500M, based on its Series D in August 2022. Read the announcement ↗
The $100M round was led by Counterpoint Global and Liberty Media, with participation from Winslow Capital, Blackstone, Bezos Expeditions and 359 Capital.
Overtime's valuation has grown 2.0x from $250M at its Series C in April 2021 to $500M in August 2022, across 2 priced rounds.
Overtime valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Aug 2022 | Series D | $500M | 10.0x |
| Apr 2021 | Series C | $250M | - |
Overtime Revenue
Overtime's latest recorded revenue is $50M, as of its Series D in August 2022. At a $500M valuation, that implies a 10.0x revenue multiple.
Overtime revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Aug 2022 | $50M | $500M | 10.0x | Series D |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Overtime Funding History
Overtime has raised a total of $215M across 6 funding rounds.
Overtime's first fundraising round was a $3M seed round in February 2017. The most recent completed round was a strategic investment round in September 2026.
Overtime funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2026 | Strategic investment | Eldridge Capital Management (lead) | - | - | Overtime, the youth-focused sports media and competition company, announced a new strategic investment led by Eldridge Capital Management on 2 October 2026. Co-founder Zack Weiner called the investment a strong validation of the business and of where it is headed, and said the next generation deserves a different kind of sports company built around authentic storytelling, elite competition, culture and innovation. Jeff Wilbur, partner and head of sports and entertainment at Eldridge, said Overtime has built a dynamic and culturally influential company across media and global sports. Existing investor 359 Capital remains involved, with Michael Spirito as managing partner and board member. Overtime operates basketball programmes including Overtime Elite and Overtime Select and football competitions OT7 and Overtime Nationals. Recent partnerships include NBC for the Milan-Cortina Winter Olympics, an NBC broadcast of the OT7 football finals and a FOX One creator competition series tied to the World Cup that generated more than 142 million views. The company was founded in 2008 and is based in New York. Eldridge's sports and media holdings include the Los Angeles Lakers, Sparks and Dodgers. |
| Aug 2022 | Series D | Counterpoint Global (lead); Liberty Media (lead); Winslow Capital; Blackstone; Bezos Expeditions; 359 Capital | $100M | $500M | Overtime is a sports media company and digital sports league operator founded in 2016 by Dan Porter and Zack Weiner that initially gained prominence distributing high-school sports videos before expanding into producing original content and operating its own sports leagues including Overtime Elite basketball. The company has built a substantial following with over 85 million monthly fans and 100 million-plus social media followers, positioning itself as a sports network for Gen Z audiences. In August 2022, Overtime raised $110 million in its Series D funding round led by Liberty Media and Bezos Expeditions, alongside investors including Morgan Stanley, Sapphire Ventures, and Winslow Capital. By 2024, the company was tracking to approximately $100 million in annual revenue, representing a 40% year-over-year increase, with roughly 80% derived from advertising and sponsorships from major brands including GMC, State Farm, and Adidas, while the remainder came from merchandise sales and media rights fees including payments from Amazon Prime Video to stream its Overtime Elite league. The company's growth strategy focuses on emulating professional sports league models through multi-year sponsorship deals and building a dedicated sales organization, positioning its revenue streams similarly to established sports properties like the NBA and NFL. |
| Apr 2021 | Series C | 359 Capital (lead); Black Capital (lead); True Capital Management; Counterpoint Global; Bezos Expeditions; Banana Capital; Sapphire Ventures | $80M | $250M | Overtime raised USD 80 million in new funding in April 2021, in a round led by returning investor Sapphire Sport and by Black Capital, with a syndicate of technology, sports, finance and music investors. Participants named by the company included Bezos Expeditions, the personal investment company of Jeff Bezos, Drake, Micromanagement Ventures, Alexis Ohanian, Morgan Stanley's Counterpoint Global, Blackstone Strategic Partners and more than 25 current and former NBA players. The round followed a USD 23 million Series B in February 2019. Overtime said it would use the capital to grow Overtime Elite, its new professional basketball league for elite teenage prospects that pays players a salary and offers academic schooling, and to expand its content, commerce and gaming businesses. Overtime was founded in 2016 in New York by Dan Porter and Zack Weiner. It produces sports videos, original series and live events for a teenage and young-adult audience across Instagram, TikTok, YouTube and Snapchat, and earns money from advertising, brand partnerships, merchandise, trading cards and its leagues. The company raised a USD 100 million Series D in 2022 with Liberty Media and returning investor Jeff Bezos. |
| Feb 2019 | Series B | Andreessen Horowitz (lead); Spark Capital (lead) | $23M | - | Overtime raised USD 23 million in a Series B funding round in February 2019 with Spark Capital, MSG Network, Sapphire Ventures, the basketball players Victor Oladipo, Carmelo Anthony and Baron Davis, and returning investor Andreessen Horowitz. The round followed a USD 9.5 million Series A in February 2018 led by Andreessen Horowitz. Overtime was founded in 2016 in New York by Dan Porter and Zack Weiner and produces sports videos and original programming for a teenage and young-adult audience, starting with high school basketball highlights shot by a network of contributors and distributed across Instagram, YouTube, Snapchat and TikTok. It earns money from advertising and brand partnerships and from merchandise. The company used the capital to expand its original content, commerce and live events. Two years later, in April 2021, Overtime raised an USD 80 million Series C with backers including Jeff Bezos, Drake and more than 25 NBA players, and it launched the Overtime Elite professional basketball league for teenage prospects. |
| Feb 2018 | Series A | Andreessen Horowitz (lead) | $10M | - | Overtime raised USD 9.5 million in a Series A funding round in February 2018 with Andreessen Horowitz, BoxGroup, the basketball player Kevin Durant and returning investor Greycroft. The round followed a USD 2.5 million seed round a year earlier to which Greycroft and former NBA commissioner David Stern contributed. Overtime was founded in 2016 in New York by Dan Porter and Zack Weiner. It produces short-form sports videos aimed at teenagers and young adults, built initially around high school basketball highlights filmed by a network of contributors and distributed on social platforms such as Instagram, YouTube, Snapchat and TikTok. The company earns money from advertising and brand partnerships, merchandise and its own content. The Series A funded more content production and the expansion of its contributor network and original series. Overtime raised a USD 23 million Series B a year later with Spark Capital and returning investor Andreessen Horowitz, and later launched its own leagues, Overtime Elite and Overtime 7v7. |
| Feb 2017 | Seed | Afore Capital (lead); Greycroft (lead); TACK Ventures; Edward Lando; Chaac Ventures; Pareto Holdings; Fitz Gate Ventures; 645 Ventures; Correlation Ventures | $3M | - | Overtime is a digital sports media platform founded in 2016 by Dan Porter and Zack Weiner, focusing on video content from high-school athletes, particularly basketball, distributed via social media platforms like Snapchat, YouTube, Instagram, and Twitter. The app enables users to capture, edit, and share sports highlights, reaching 11 million unique monthly users, 95% mobile and under 25, at the time of its seed round. Videos generated significant engagement, later scaling to hundreds of millions of views monthly. Overtime raised a $2.5 million seed round on February 22, 2017, led by Greycroft with participation from Afore Capital, 645 Ventures, Fitz Gate Ventures, Correlation Ventures, Chaac Ventures, TACK Ventures, Pareto Holdings, Edward Lando, and others including former NBA commissioner David Stern. The funding supported growth from a user-generated content app to a media company with original video, articles, and on-camera talent. Porter, ex-head of digital at William Morris Endeavor who sold a prior startup for around $200 million, aimed to build an ESPN-like brand for Gen Z using smartphone footage. Post-seed, Overtime expanded with a $9.5 million Series A in February 2018 led by Andreessen Horowitz, including Greycroft, Kevin Durant, and others, followed by larger rounds like a $23 million Series B in 2019 at approximately $100 million valuation and later Series D at $500 million valuation, growing followers to over 65 million and billions of monthly video views. |
Who has invested in Overtime?
22 investors have backed Overtime across its funding rounds, including Andreessen Horowitz, Bezos Expeditions, 359 Capital, Counterpoint Global, Greycroft and Blackstone.
Lead investors include Eldridge Capital Management, Counterpoint Global, Liberty Media, 359 Capital, Black Capital and 4 other investors.
Overtime Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Apr 2021 | ||
| 2 | Lead | Feb 2018 | ||
| 2 | Participant | Apr 2021 | ||
| 2 | Lead | Apr 2021 | ||
| 1 | Participant | Feb 2017 | ||
| 1 | Participant | Feb 2017 | ||
| 1 | Participant | Aug 2022 | ||
| 1 | Participant | Feb 2017 | ||
| 1 | Lead | Aug 2022 | ||
| 1 | Lead | Feb 2019 | ||
| 1 | Participant | Feb 2017 | ||
| 1 | Participant | Aug 2022 | ||
| 1 | Participant | Apr 2021 | ||
This data is available for Pro users. Sign up to see all 22 Overtime investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Overtime
Overtime has acquired 1 company to date.
Last acquisition by Overtime was on February 12th 2020. Overtime acquired Evade for undisclosed valuation.
Latest Acquisitions by Overtime
| Description | - |
| HQ Country | |
| HQ City | - |
| Deal Date | 12 Feb 2020 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Overtime acquisitions and their M&A valuation multiples. Start Free Trial | |
Overtime Competitors
Overtime competitors include listed companies like NRJ Group and StudioDragon, and private ones like TMRW Sports, 4DReplay, Animoca Brands KK and HeyGen.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $500M | - | ||
| Private | - | - | $251M | - | ||
| Private | - | - | $500M | - | ||
| Private | $35M | - | $500M | 14.3x | ||
| Publicly listed | $380M | $72M | $509M | 0.3x | ||
| Publicly listed | $392M | $107M | $517M | 1.3x |
Overtime Public Comps
Overtime is still privately-owned, but its public comps include NRJ Group, StudioDragon, Surya Citra Media, Acast, GREE Holdings, Kaiser (China) Culture, TV Tokyo Holdings, Bushiroad, Starz Entertainment and YG Entertainment.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $380M | $72M | 0.2x | 0.3x | 1.3x | 1.5x | |||
| $392M | $107M | 1.3x | 1.3x | 4.9x | 4.0x | |||
| $381M | $62M | 1.2x | 1.0x | 7.2x | 2.8x | |||
| $256M | ($1M) | 1.9x | 1.5x | (400.1x) | 19.1x | |||
| $324M | $35M | 0.2x | 0.2x | 1.7x | - | |||
| $82M | ($63M) | 5.6x | - | (7.3x) | - | |||
| $1B | $103M | 0.3x | 0.3x | 3.2x | 3.4x | |||
| $366M | $49M | 1.0x | 1.0x | 7.6x | - | |||
This data is available for Pro users. Sign up to see all Overtime competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Overtime
| When was Overtime founded? | Overtime was founded in 2016. |
| Where is Overtime headquartered? | Overtime is headquartered in New York City, NY, United States. |
| Is Overtime publicly listed? | No, Overtime is a private, VC-backed company. |
| What is Overtime's valuation? | Overtime was last valued at $500M in its Series D in August 2022. |
| How much funding has Overtime raised? | Overtime has raised $215M across 6 funding rounds. |
| What was Overtime's last funding round? | Overtime's last funding round was a strategic investment round in September 2026, led by Eldridge Capital Management. |
| Who are Overtime's investors? | Overtime's investors include Counterpoint Global, Andreessen Horowitz, Bezos Expeditions, 359 Capital, TACK Ventures, Edward Lando, Winslow Capital, Chaac Ventures, Liberty Media, Spark Capital and 12 others. |
| What is Overtime's revenue? | Overtime's latest recorded revenue is $50M (August 2022). |
| What is Overtime's revenue multiple? | Overtime's latest valuation implies a 10.0x revenue multiple ($500M valuation on $50M of revenue). |
| Which companies are comparable to Overtime? | Companies comparable to Overtime include TMRW Sports, 4DReplay, Animoca Brands KK, HeyGen, NRJ Group and StudioDragon. |
| How many companies has Overtime acquired? | Overtime has acquired 1 company, including Evade. |
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