TST Media chalks up 3.3m in round 3

Categories

TST MediaNortheast Minneaplis startup TST Media has recently closed on $3.3m in pursuit of a larger $5m $6m round three equity financing, according to a disclosure recently filed with the SEC.

Formed in 2008 by Justin Kaufenberg, Carson Kipfer and Greg Blasko, TST Media offer both software products (NGIN) and services geared toward amateur sports teams nationwide.

They’ve been on a tear the past few years, validated by Twin Cities Angels led first round ($1m) in 2009 followed by El Dorado Ventures $3.5m second stage investment in summer of 2011.

Kaufenberg says the round is closing in two tranches, with Vesbridge and El Dorado back again, while a new investor will be leading the second leg that’s scheduled to close after the fist of the year. Total capitalization will exceed $10m

A few acquisitions, a big mobile push and key hire later — TST maintains over 100 employees and continues to grow locally and nationwide.

KC Associates

Tags

Comments

  • http://twitter.com/casey__allen casey allen

    This company doesn’t get talked about anywhere near as much as it should. Massive market, hitting it at the right time, real paying customers, and a team of pure hustlers leading the charge.

    If I were a developer or biz dev person who grew up playing sports then working for TST would be a no brainer.

    This company is going places. And not just the bank (although that’s pretty nice too).

Sponsors