Global merchant bank The Raine Group has invested $40 million dollars in Olo, a digital ordering and delivery company for multi-location restaurants.
Olo is the latest company added to Raine's portfolio. The small merchant bank, which focuses exclusively on technology, media and telecommunications, has invested in Vice Media, Important Studios, DraftKings and Focus Media, among others.
Raine is also credited with helping Steve Ballmer buy the Los Angeles Clippers and advising Japanese telecommunications Softbank during its takeover of Sprint.