Turner Invests in Refinery29

Money helps.

Time Warner’s Turner is the latest company to invest in Refinery29. According to Recode, Refinery29 was looking for around $50 million in this funding round.

Hearst, Scripps Networks and WPP Ventures are also major backers of Refinery29. Hearst invested in the site in 2013; Scripps and WPP last year.

This is Turner’s second big investment in the past few months — it pumped $15 million into Mashable in March.