The Raine Group

Investor type Investment Bank
Founders Brandon Gardner Jeff Sine Joe Ravitch Joseph Ravitch

Overview

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 31
Average round size
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The average size of a deal this fund participated in
$76M
Portfolio companies 28
Rounds per year 2.58
Lead investments 11
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.10
Exits 6
Key employees 9
Stages of investment
Late Stage Venture
Private Equity

Areas of investment

  • Gaming
  • Mobile
  • Media and Entertainment
  • Sports
  • Software
Summary

In 2009 was created The Raine Group, which is appeared as VC. The main department of described VC is located in the New York. The company was established in North America in United States.

Speaking about the real fund results, this VC is 27 percentage points more often commits exit comparing to other organizations. This The Raine Group works on 5 percentage points less the average amount of lead investments comparing to the other organizations. The top amount of exits for fund were in 2018. When the investment is from The Raine Group the average startup value is 100-500 millions dollars. The top activity for fund was in 2019. Deals in the range of 50 - 100 millions dollars are the general things for fund. The fund is constantly included in 2-6 deals per year.

The typical case for the fund is to invest in rounds with 3-4 participants. Despite the The Raine Group, startups are often financed by Union Square Ventures, Wavemaker Partners, Simon Equity Partners, LLC. The meaningful sponsors for the fund in investment in the same round are Insight Partners, WPP Ventures, Upfront Ventures. In the next rounds fund is usually obtained by Accomplice, FirstMark, 21st Century Fox.

This organization was formed by Jeff Sine, Joe Ravitch, Joseph Ravitch. We also calculated 9 valuable employees in our database.

For fund there is a match between the location of its establishment and the land of its numerous investments - United States. The fund has no exact preference in a number of founders of portfolio startups. If startup sums 5+ of the founder, the chance for it to be financed is low. Among the various public portfolio startups of the fund, we may underline Vice Media, DraftKings, OpenSky Moreover, a startup needs to be at the age of 6-10 years to get the investment from the fund. Among the most successful fund investment fields, there are Sports, E-Commerce.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Heyday

Digital Marketing
E-Commerce
Information Technology
Internet
Marketplace
$555M16 Nov 2021 San Francisco, California, United States

Jackpocket

Gambling
Gaming
Mobile
Mobile Apps
$50M09 Feb 2021 New York, United States

Moonbug

Children
Digital Entertainment
Media and Entertainment
$120M31 Jul 2020 London, England, United Kingdom

Mitosis Games

Gaming
Mobile
Mobile Apps
01 Jan 2020 New York, New York, United States

Reposite

B2B
Internet
Payments
Software
Travel
$3M12 Nov 2019 New York, New York, United States

Foursquare

Advertising
Advertising Platforms
Analytics
Apps
Big Data
Developer APIs
Developer Tools
Guides
Mobile Advertising
Private Social Networking
$150M31 May 2019 New York, New York, United States

VideoAmp

Advertising
Advertising Platforms
Business Intelligence
Digital Media
$70M01 May 2019 Los Angeles, California, United States

Premier Lacrosse League

Sports
12 Feb 2019 New York, United States

Moonbug

Children
Digital Entertainment
Media and Entertainment
$145M17 Dec 2018 London, England, United Kingdom
News
Jackpocket Raises $50M Series C Following New York Licensing and 4X Annual Growth

– Jackpocket announced the conclusion of a $50M Series C funding round.
– The round was led by Raine Group, Greenspring Associates, Circle K Ventures, TEGNA Ventures, BRV Capital, and Gaingels.
– After seven years of operation, Jackpocket has won regulatory approval in New York and New Jersey, and has also worked with eight other states to provide consumers with the easiest, most compliant way to play the lottery today.
– New data found that nearly half of Jackpocket’s first-time players are 18-35 years old, and the overwhelming majority of Jackpocket’s users are under 45 years old.

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