Northeast 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.