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.
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