The Raine Group

  • Podcast-focused media company HowStuffWorks spins out with $15M in new funding

    Podcast-focused media company HowStuffWorks spins out with $15M in new funding

    HowStuffWorks has changed owners more than once in the past few years. Discovery sold the company to Blucora in 2014, and Blucora, in turn, sold it to digital advertising company System1 last year. Now, however, the nearly 20-year-old digital media brand is spinning out as an independent company. It’s also announcing that it has raised $15 million in Series A funding led by The… Read More

  • Olo Raises $40 Million To Expand Delivery Business

    Olo Raises $40 Million To Expand Delivery Business

    Olo, the digital ordering business, has raised $40 million in funding from The Raine Group. The capital will be used to expand its recently launched Dispatch delivery service. With over 150 restaurant groups as clients, New York-based Olo works with large chains, including Chipotle, Five Guys and Jamba Juice, to power their online ordering and pick-up business. Olo provides the white label… Read More

  • Jagex, the games studio behind RuneScape, raises further funding

    Jagex, which claims to be the UK’s largest independent games developer and publisher and is the company behind the popular MMOG RuneScape, has raised new funding from Insight Venture Partners, Spectrum Equity Investors and The Raine Group. The undisclosed investment will “enable Jagex to accelerate growth of its development and publishing capabilities.” Read More