The Raine Group

The Raine Group is a growth capital investment firm founded in 2009 and headquartered in New York City, with additional offices in San Francisco, Los Angeles, Hong Kong, London, Mumbai, Paris, Shanghai, and Singapore. The firm specializes in providing advisory and investment services in high-growth sectors such as technology, media, entertainment, sports, lifestyle, and information technology. With a focus on leveraging its extensive industry experience and strategic relationships, The Raine Group aims to create value for its portfolio companies and clients. The firm primarily invests in companies across the United States, Europe, and Asia, utilizing growth capital as its preferred investment approach.

Naveen Asopa

Managing Director

Michael Branch

Senior Vice President, Portfolio Partnerships

Avidha Chakrabarti

Associate

Fred Davis

Partner

James Dolan

Associate

Christopher Donini

Partner

Courtney Favreau

Partner

Brandon Gardner

Partner, Co-Founder President and COO

Garrett Gomes

Managing Director

Garrett Gomes

Managing Director

Brooks Hansen

Managing Director

Erik Hodge

Partner

Dara Leung

Managing Director

Kevin Linker

Managing Partner, Raine Next-Gen Communications

Yingcun Luo

Managing Director

Mark Mager

Managing Director

Judy McLellan

Managing Director

Gaurav Mehta

Partner and Head - India

Colin Neville

Partner

Jessica Payne

Managing Director

Jonathan Pflug

Managing Director

Joe Puthenveetil

Managing Director

Peter Randaccio

Vice President

Joseph Ravitch

Co-Founder and Partner

Todd Rosoff

Partner

Ben Ross

Associate

Gordon Rubenstein

Managing Partner, Raine Ventures

John Salter

Partner and Co-Founder

Jason Schretter

Partner / Head of EMEA

Sine, Jeffrey Alan

Co-Founder / Partner

Jeffery Sine JD

Co-Founder and Partner

Jake Vachal

Managing Director

Brett Varsov

Partner

Sherri Williams

Managing Director

Past deals in Gambling

ZEBEDEE

Series B in 2022
ZEBEDEE is a software company founded in 2019 and based in Hoboken, New Jersey, that focuses on integrating Bitcoin and Lightning support into digital experiences, particularly within the gaming industry. The company has developed an online payment platform that facilitates seamless interactions and value exchanges among players, developers, streamers, and viewers. By enabling the integration of cryptocurrency into digital gaming environments, ZEBEDEE enhances user experiences and powers digital economies, allowing for frictionless transactions and interactions.

Midnite

Series A in 2022
Midnite is a platform focused on the future of esports betting, providing users with a secure and convenient environment to engage in online gaming. The platform allows users to place bets on football matches and players, as well as participate in fantasy football leagues. It offers a competitive space where users can battle their dream teams against others, win prizes, and enjoy both casual and real-money betting experiences. By catering to gamers and esports enthusiasts, Midnite is positioned to capitalize on the expanding esports industry while ensuring a safe and engaging betting experience.

Jackpocket

Series D in 2021
Jackpocket, Inc. is a mobile application developer based in New York, established in 2013, that offers a convenient and responsible way for users to participate in state lotteries. The licensed third-party lottery courier app allows users to purchase official lottery tickets, check results, and join lottery pools to enhance their odds of winning. Additionally, users can set up alerts for winnings and enable autoplay for a more streamlined experience. Since its inception, Jackpocket has facilitated over $450 million in lottery prizes, including a significant $9.4 million win in New Jersey, marking a milestone in mobile gaming. The app is available in multiple states and territories, including New York, Texas, and Colorado, with plans to expand further.

Arcadia Gaming

Venture Round in 2021
Arcadia Gaming Solutions specializes in delivering live arcade games to online gaming providers through an innovative live-streaming platform. This platform allows online casinos to integrate physical arcade machines into their offerings, creating an immersive gaming experience for players. Utilizing a patented return-to-player mechanism similar to that of slot games, Arcadia's solutions enable operators to facilitate remote control of these physical machines from secure data centers. This unique approach not only enhances player engagement but also helps online gaming providers diversify their gaming portfolios.

Jackpocket

Series C in 2020
Jackpocket, Inc. is a mobile application developer based in New York, established in 2013, that offers a convenient and responsible way for users to participate in state lotteries. The licensed third-party lottery courier app allows users to purchase official lottery tickets, check results, and join lottery pools to enhance their odds of winning. Additionally, users can set up alerts for winnings and enable autoplay for a more streamlined experience. Since its inception, Jackpocket has facilitated over $450 million in lottery prizes, including a significant $9.4 million win in New Jersey, marking a milestone in mobile gaming. The app is available in multiple states and territories, including New York, Texas, and Colorado, with plans to expand further.

DraftKings

Series D in 2015
DraftKings Inc. is a digital sports entertainment and gaming company based in Boston, Massachusetts. It offers users opportunities for daily sports contests, sports betting, and iGaming across the United States and Canada. Since its inception in 2012, DraftKings has grown from an innovator in daily fantasy sports to a major player in online sports wagering and casino gaming, especially following a Supreme Court ruling in 2018 that allowed states to legalize such activities. The company operates in 27 states for online or retail sports betting and in seven states for iGaming, reaching approximately 40% of Canada's population. DraftKings also develops software for sports betting and casino gaming, distributing its products through websites, app downloads, and direct-to-consumer platforms. Additionally, it features a marketplace for non-fungible tokens and licenses online gaming products.

Rising Tide Games

Seed Round in 2015
Rising Tide Games, Inc. is a game production company that specializes in developing social interactive games. Incorporated in 2014 and based in New York, New York, the company focuses on creating engaging and interactive gaming experiences for players. Since September 11, 2015, Rising Tide Games has operated as a subsidiary of Zynga, a well-known name in the gaming industry.

DraftKings

Series C in 2014
DraftKings Inc. is a digital sports entertainment and gaming company based in Boston, Massachusetts. It offers users opportunities for daily sports contests, sports betting, and iGaming across the United States and Canada. Since its inception in 2012, DraftKings has grown from an innovator in daily fantasy sports to a major player in online sports wagering and casino gaming, especially following a Supreme Court ruling in 2018 that allowed states to legalize such activities. The company operates in 27 states for online or retail sports betting and in seven states for iGaming, reaching approximately 40% of Canada's population. DraftKings also develops software for sports betting and casino gaming, distributing its products through websites, app downloads, and direct-to-consumer platforms. Additionally, it features a marketplace for non-fungible tokens and licenses online gaming products.
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