Group Nine Media Raises $50 Million from Discovery, Axel Springer

The move could signal acquisitions to come

Logos from Group Nine, The Dodo, Now This, Seeker, Thrillist, and Brandshop
The digital publisher of Thrillist, The Dodo and other sites seeks to raise $200 million. Group Nine Media

Group Nine Media just raised $50 million from lead investor Discovery Inc. and partner Axel Springer SE, the company announced Monday.

@SaraJerde Sara Jerde is publishing editor at Adweek, where she covers traditional and digital publishers’ business models. She also oversees political coverage ahead of the 2020 election.