Digital content

Scoop: Refinery29 aims to raise $20 million

The Refinery29 founders; from left to right: Christene Barberich, Justin Stefano, Piera Gelardi, and Philippe von Borries. Photo: Refinery29

Refinery29, the venture-backed digital media company focused on millennial women, is looking to raise up to $20 million in new funding, according to an SEC filing.

Why it matters: The company plans to use the funds to expand internationally and for its originals studio and events business, Axios has learned. The company was rumored to be in merger talks with Group Nine Media, another millennial-focused venture-backed brand recently, though there's no concrete deal at the moment, according to sources.

Scoop: Dotdash to launch commerce line with Amazon

The Spruce

Dotdash, the digital publishing company that grew from About.com, is launching a new millennial paint line with Amazon in an effort to bolster its growing commerce business.

Why it matters: This is the first time that Dotdash, which is expected to bring in roughly $150 million in revenue this year, is selling its own direct-to-consumer products.