Raine Ventures, established in 2013, is the venture capital arm of The Raine Group, a global merchant bank. Based in San Francisco, with a presence in key tech hubs worldwide, Raine Ventures focuses on early-stage investments in the software sector. The firm leverages its deep industry experience and strategic network to create value for its portfolio companies, primarily in the United States.
Partner and Head of Europe, Middle East and Africa
Jeff Sine
Co-Founder / Partner
Jeffery Sine JD
Co-Founder and Partner
Quincy Smith
Partner
Jake Vachal
Managing Director
Brett Varsov
Partner and Head of M&A
Sherri Williams
Partner
Past deals in Sports
Midnite
Series B in 2025
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.
Castore
Private Equity Round in 2023
Castore is a premium sportswear brand exclusively designed for men, focusing on delivering high-performance apparel tailored for discerning athletes. The company emphasizes technical innovation and meticulous attention to detail in its products, ensuring that each garment meets the demands of serious competitors. By utilizing Italian fabrics and advanced manufacturing techniques, Castore aims to enhance athletic performance under various conditions. The brand is committed to providing quality sportswear that caters to individuals who seek excellence and cannot compromise on performance.
AC Momento
Seed Round in 2023
AC Momento is football's premier online auction house, bringing fans game-worn jerseys and memorabilia.
East Asian Super League
Series C in 2022
The East Asian Super League (EASL) aims to establish a premier basketball league in Asia, serving as the first professional intra-club basketball competition in the region. It focuses on organizing annual tournaments that feature the top basketball clubs from East Asia and the Philippines. By promoting engaging league formats and content platforms, EASL seeks to elevate the sport and create value for stakeholders, including players, teams, and fans. Through its initiatives, EASL aspires to enhance the profile of basketball in Asia and foster regional cooperation among clubs.
Xpoint
Seed Round in 2022
Xpoint specializes in geo compliance solutions for the sports betting and iGaming industries worldwide. The company develops geolocation security technologies that ensure regulatory compliance, particularly in the U.S. iGaming market. Its systems are designed to detect and prevent fraud, application spoofing, device tampering, and the use of false data and prohibited tools. By addressing these security challenges, Xpoint not only protects its partners from fraudulent activities but also generates valuable data that can enhance marketing strategies.
Fliff
Venture Round in 2022
Fliff is a social sports betting platform that offers a play-for-fun experience through promotional games and loyalty rewards. It is designed to engage sports fans by providing a risk-free opportunity to participate in virtual sports betting, allowing users to enjoy the excitement of sports predictions without financial stakes. The platform focuses on creating social interactions and rewards, making it an appealing option for fans looking to enhance their sports viewing experience while participating in sweepstakes games.
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.
RCX sports
Venture Round in 2022
RCX Sports is a youth sports business that partners with premier sports brands and professional leagues.
TelevisaUnivision
Series C in 2021
TelevisaUnivision is a multimedia company focused on serving the Hispanic and Latino American communities. The company operates in two main segments: Media Networks and Radio. Its Media Networks segment includes approximately 10 digital and mobile properties, two broadcast television networks, and TUDN, a multi-platform sports media brand. Additionally, TelevisaUnivision manages 10 cable networks, including Galavisión, a prominent Spanish-language entertainment channel. By offering a wide range of news, sports, and entertainment content across various platforms, including broadcast, cable, audio, digital, and streaming, the company aims to inform, entertain, and empower its audience with diverse Spanish-language programming throughout the United States.
Premier Lacrosse League
Series A in 2019
Premier Lacrosse League is a professional lacrosse organization in North America that aims to elevate the sport through a tour-based model. It features a roster of top players, showcasing the biggest stars in lacrosse and providing fans with an engaging entertainment experience. By operating a series of tournaments, the league seeks to bring lacrosse to a national audience, promoting its growth and popularity. In addition to its events, Premier Lacrosse League also sells sports-related apparel online, further connecting with its fanbase and enhancing the overall lacrosse experience.
Second Spectrum
Series A in 2015
Second Spectrum, Inc., based in Los Angeles and founded in 2013, specializes in data collection, processing, and analysis services tailored for the sports industry. The company has developed advanced gaming machine learning software that leverages artificial intelligence, computer vision, and big data. This technology aims to transform the sports experience by enhancing interaction, immersion, and personalization for fans and media companies. Through applications, touchscreens, and smart televisions, Second Spectrum enables dynamic engagement between fans and players, fostering a deeper connection with the sports they love.
DraftKings
Series D in 2015
DraftKings Inc. is a digital sports entertainment and gaming company based in Boston, Massachusetts. Founded in 2011, it initially focused on daily fantasy sports contests for cash prizes across major sports in the United States and Canada. Following the 2018 Supreme Court ruling that allowed states to legalize online sports wagering, DraftKings expanded its offerings to include online sports betting and casino gaming. Currently, 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. In addition to its core gaming services, DraftKings designs and develops software for sports betting and casino gaming platforms, and it also manages a marketplace for non-fungible tokens.
DraftKings
Series C in 2014
DraftKings Inc. is a digital sports entertainment and gaming company based in Boston, Massachusetts. Founded in 2011, it initially focused on daily fantasy sports contests for cash prizes across major sports in the United States and Canada. Following the 2018 Supreme Court ruling that allowed states to legalize online sports wagering, DraftKings expanded its offerings to include online sports betting and casino gaming. Currently, 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. In addition to its core gaming services, DraftKings designs and develops software for sports betting and casino gaming platforms, and it also manages a marketplace for non-fungible tokens.
beRecruited
Acquisition in 2013
beRecruited, Inc. offers an online recruiting platform that connects high school student-athletes with college coaches across the United States. Founded in 2000 in San Francisco, the service allows athletes to create profiles that showcase their academic and athletic achievements, enabling them to research universities and communicate directly with coaches. Initially focused on NCAA swimming and diving, beRecruited has expanded its services to include 18 different sports, catering to a wide range of student-athletes. With over 2 million registered users, beRecruited facilitates millions of connections between athletes and coaches each month. While basic accounts are free, premium options are available for a nominal fee, providing athletes with additional exposure. The company, previously known as Official College Athletics Recruiting Network, Inc., rebranded to beRecruited in 2007, reflecting its mission to streamline the recruiting process for both athletes and coaches.
Zumba Fitness
Private Equity Round in 2012
Zumba Fitness, LLC, founded in 2001 and based in Hallandale, Florida, is the world's largest dance-fitness program, offering engaging classes that blend Latin-inspired music with energetic dance steps. With over 12 million participants attending classes weekly in more than 110,000 locations across over 125 countries, Zumba has established itself as a leading fitness brand. The company not only provides instructor training programs but also features Zumba Stories, a platform for individuals to share their personal fitness journeys. In addition to classes, Zumba Fitness sells a range of products through its online store, including apparel, accessories, shoes, DVDs, video games, equipment, and energy drinks, catering to a diverse customer base seeking a fun and effective way to stay fit.
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