Refinery29 has agreed to be acquired by Vice. Terms of the transaction were not disclosed but it’s been reported that the transaction value is around $400M in a combination of stock and cash.
Refinery29 was founded by Christene Barberich, Justin Stefano, Philippe von Borries, and Piera Gelardi in 2005 and had raised a total of $133.4M. Refinery29 had raised it’s last round at a valuation exceeding $450M. Investors in Refinery29 include First Round Capital, Lerer Hippeau, Floodgate, WPP Ventures, Lead Edge Capital, Stripes Group, Quixotic Ventures, Hearst Communications, Scripps Networks, Turner Broadcasting, Ramesh Haridas, Eastern Capital, Eigenvalue, and Jim Yang.
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