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Raine Ventures

North America, California, United States, San Francisco

Description

Raine Ventures operates as the dedicated early-stage venture capital arm of The Raine Group, a prominent global merchant bank with a specialized focus on the technology, media, and telecommunications (TMT) sectors. Headquartered in San Francisco, Raine Ventures strategically targets Seed, Series A, and Series B investment opportunities, aiming to identify and back disruptive innovations within its core verticals.

The firm's investment thesis is deeply rooted in the evolving landscape of digital media, entertainment, sports, gaming, health & wellness, and consumer technology. Raine Ventures leverages the extensive industry network, strategic insights, and deep domain expertise of its parent organization, providing portfolio companies with more than just capital. They actively seek to partner with visionary entrepreneurs who are building category-defining businesses, offering significant value-add through their global connections and strategic guidance.

Typical initial check sizes for Raine Ventures generally fall within the range of $1 million to $10 million for early-stage rounds. However, given the broader capital base of The Raine Group, they possess the flexibility and capacity to participate in larger growth-stage venture opportunities, with some investments extending up to $20 million. This dual capacity allows them to support companies across various stages of their early growth trajectory.

The Raine Group's substantial capital resources, exemplified by the closing of Raine Partners IV, a growth equity fund, at $760 million in 2022, underscore the financial strength backing Raine Ventures' initiatives. This robust foundation enables Raine Ventures to make meaningful commitments and provide sustained support to its portfolio companies, fostering long-term growth and market leadership within the dynamic TMT ecosystem.

Investor Profile

Raine Ventures has backed more than 84 startups, with 3 new investments in the last 12 months alone. The firm has led 26 rounds, about 31% of its total and boasts 16 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Series B, Seed rounds (top funding stages).
  • Majority of deals are located in United States, United Kingdom, Sweden.
  • Strong thematic focus on Internet, Software, Mobile.
  • Led 1 rounds in the past year.
  • Typical check size: $1M – $10M.

Stage Focus

  • Series A (32%)
  • Series B (21%)
  • Seed (18%)
  • Series C (13%)
  • Series D (5%)
  • Series Unknown (4%)
  • Pre Seed (2%)
  • Private Equity (2%)
  • Series E (1%)
  • Convertible Note (1%)

Country Focus

  • United States (79%)
  • United Kingdom (6%)
  • Sweden (4%)
  • Israel (2%)
  • India (2%)
  • South Africa (2%)
  • Canada (1%)
  • Germany (1%)
  • France (1%)
  • Hong Kong (1%)

Industry Focus

  • Internet
  • Software
  • Mobile
  • Gaming
  • Content
  • Video
  • Video Streaming
  • Media And Entertainment
  • Apps
  • Virtual Reality
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Raine Ventures frequently co-invest with?

First Round Capital
North America, California, United States, San Francisco
Co-Investments: 7
Lowercase Capital
North America, California, United States, San Francisco
Co-Investments: 4
General Catalyst
North America, Massachusetts, United States, Cambridge
Co-Investments: 4
Crosscut Ventures
North America, California, United States, Los Angeles
Co-Investments: 6
Comcast Ventures
North America, California, United States, San Francisco
Co-Investments: 8
Greycroft
North America, New York, United States, New York
Co-Investments: 7
Menlo Ventures
North America, California, United States, San Francisco
Co-Investments: 4
Andreessen Horowitz
North America, California, United States, Menlo Park
Co-Investments: 4
Redpoint
North America, California, United States, Menlo Park
Co-Investments: 5
Lerer Hippeau
North America, New York, United States, New York
Co-Investments: 4

Which angels does Raine Ventures often collaborate with?

AS
North America, California, United States
Shared Deals: 2
FG
North America, New York, United States, New York
Shared Deals: 2
SR
North America, California, United States, Los Angeles
Shared Deals: 2
AD
North America, California, United States, West Hollywood
Shared Deals: 2
David Zaslav
North America, Maryland, United States, Silver Spring
Shared Deals: 2
John R. Joyce
Oceania, Auckland, New Zealand, Auckland
Shared Deals: 3
NA
North America, California, United States, Mountain View
Shared Deals: 2
RJ
North America, California, United States
Shared Deals: 2
AG
North America, Tennessee, United States, Nashville
Shared Deals: 3
IA
North America, California, United States, Los Angeles
Shared Deals: 2

What are some of recent deals done by Raine Ventures?

Filed

London, England, United Kingdom

Filed renders digital marketing, social marketing, campaign optimization, retargeting, facebook advertising and social media services.

AdvertisingDigital MarketingSocial Media
SeedMay 21, 2025
Amount Raised: $17,200,000
MusicInfra

New York, New York, United States

Helping creators and copyright owners getting paid faster and more accurately than ever

Pre SeedMar 21, 2025
Amount Raised: $4,500,000
Perlego

London, England, United Kingdom

Perlego is an online library that provides students with unlimited access to academic titles with built-in learning tools.

EBooksEdTechEducationPublishingSubscription Service
Series UnknownOct 8, 2024
Amount Raised: $19,865,638
Definely

London, England, United Kingdom

Definely is a legaltech company that provides a unified solution for lawyers by simplifying access and understanding of legal documents.

LegalLegal TechSaaSSoftware
Series UnknownJul 18, 2024
Castore

London, England, United Kingdom

Castore is a premium brand that makes sportswear specifically for men.

Brand MarketingSportsWearables
Private EquityNov 29, 2023
Amount Raised: $184,082,103
Rock The Bells

Los Angeles, California, United States

Rock The Bells is an online store for hip-hop culture merchandise.

E-CommerceFashionSales
Series BApr 17, 2023
Amount Raised: $15,000,000
East Asian Super League

Hong Kong, Hong Kong Island, Hong Kong

EASL is an annual top professional club basketball event in East Asia and the Philippines.

BasketballSporting GoodsSports
Series CDec 23, 2022
Amount Raised: $40,000,000
Material Bank

Boca Raton, Florida, United States

Material Bank provides sample materials for design professionals and brands in the architecture and design industry.

ArchitectureIndustrial DesignInterior DesignMarketplaceRetail
Series DMay 5, 2022
Amount Raised: $175,000,000
Perlego

London, England, United Kingdom

Perlego is an online library that provides students with unlimited access to academic titles with built-in learning tools.

EBooksEdTechEducationPublishingSubscription Service
Series BMar 3, 2022
Amount Raised: $50,732,551
Antenna

New York, New York, United States

Antenna provides market intelligence to direct-to-consumer subscription businesses.

AnalyticsInformation TechnologySoftware
Series AFeb 1, 2022
Amount Raised: $10,000,000