- Companies
- Overtime
Overtime Revenue, Valuation, Funding & Investors
Overtime is valued at $500M as of August 2022, a 5.0x multiple on its last reported $100M revenue.
Last Overtime valuation
$500M
Series D · Aug 2022
Last Overtime funding round
$100M
Series D · Aug 2022
Overtime revenue
$100M
Series D · Aug 2022
Key investors in Overtime
Andreessen Horowitz
Bezos Expeditions
359 Capital
Greycroft
Spark Capital
Blackstone
About Overtime
Overtime is a New York City-based sports media network producing content for Gen Z fans across YouTube, Snapchat, Instagram, and TikTok. It creates original series on basketball, soccer, and baseball, backed by investors including Andreessen Horowitz and athlete Kevin Durant, reaching millions through short-form highlights and live events.
Founded
2008
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Advertising
Revenue
$100M (Aug 2022)
Valuation
$500M (Aug 2022)
Sectors
Overtime Valuation
Overtime is currently valued at $500M, based on its Series D in August 2022.
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 | 5.0x |
| Apr 2021 | Series C | $250M | - |
Overtime Revenue
Overtime's latest recorded revenue is $100M, as of its Series D in August 2022. At a $500M valuation, that implies a 5.0x revenue multiple.
Overtime revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Aug 2022 | $100M | $500M | 5.0x | 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 5 funding rounds.
Overtime's first fundraising round was a $3M seed round in February 2017. The most recent completed round was a $100M Series D in August 2022.
Overtime funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| 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; Bezos Expeditions; Banana Capital | $80M | $250M | - |
| Feb 2019 | Series B | Andreessen Horowitz (lead); Spark Capital (lead) | $23M | - | - |
| Feb 2018 | Series A | Andreessen Horowitz (lead) | $10M | - | - |
| Feb 2017 | Seed | Afore Capital (lead); Greycroft (lead); TACK Ventures; Edward Lando; Chaac Ventures; Pareto Holdings; Fitz Gate Ventures; Alpha; 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?
21 investors have backed Overtime across its funding rounds, including Andreessen Horowitz, Bezos Expeditions, 359 Capital, Greycroft, Spark Capital and Blackstone.
Lead investors include Counterpoint Global, Liberty Media, 359 Capital, Black Capital, Andreessen Horowitz and 3 other investors.
Overtime Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 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 | ||
| 1 | Participant | Feb 2017 | ||
This data is available for Pro users. Sign up to see all 21 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 AMC Global Media and MD Entertainment, and private ones like Barça Vision, 4DReplay, Animoca Brands KK and HeyGen.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $468M | - | ||
| Private | - | - | $251M | - | ||
| Private | - | - | $500M | - | ||
| Private | $35M | - | $500M | 14.3x | ||
| Publicly listed | $2.3B | $1.2B | $486M | 0.8x | ||
| Publicly listed | $28M | ($4M) | $485M | - |
Overtime Public Comps
Overtime is still privately-owned, but its public comps include AMC Global Media, MD Entertainment, Zhejiang Talent TV & Film, GREE Holdings, StudioDragon, WILD BUNCH, NRJ Group, Kaiser (China) Culture, CJ ENM and Bushiroad.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.3B | $1.2B | 0.8x | 0.8x | 1.5x | 4.4x | |||
| $28M | ($4M) | 17.7x | - | (138.5x) | - | |||
| $17M | ($52M) | 29.2x | - | (9.5x) | - | |||
| $367M | $25M | 0.1x | 0.1x | 1.9x | - | |||
| $386M | $105M | 1.2x | 1.1x | 4.4x | 3.5x | |||
| $79M | $35M | 5.7x | - | 12.9x | - | |||
| $390M | $74M | 0.3x | 0.3x | 1.6x | 1.7x | |||
| $82M | ($63M) | 5.4x | - | (7.1x) | - | |||
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 2008. |
| 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 5 funding rounds. |
| What was Overtime's last funding round? | Overtime's last funding round was a $100M Series D in August 2022, led by Counterpoint Global and Liberty Media. |
| Who are Overtime's investors? | Overtime's investors include Andreessen Horowitz, Bezos Expeditions, 359 Capital, TACK Ventures, Edward Lando, Winslow Capital, Chaac Ventures, Liberty Media, Spark Capital, Pareto Holdings and 11 others. |
| What is Overtime's revenue? | Overtime's latest recorded revenue is $100M (August 2022). |
| What is Overtime's revenue multiple? | Overtime's latest valuation implies a 5.0x revenue multiple ($500M valuation on $100M of revenue). |
| Which companies are comparable to Overtime? | Companies comparable to Overtime include Barça Vision, 4DReplay, Animoca Brands KK, HeyGen, AMC Global Media and MD Entertainment. |
| How many companies has Overtime acquired? | Overtime has acquired 1 company, including Evade. |
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