
Donut Media is owned by Recurrent Ventures, the Miami-based digital media company backed by venture equity firm North Equity. Recurrent acquired Donut on November 9, 2021, adding its 5.8 million YouTube subscribers to a portfolio that includes The Drive and Field & Stream. Donut continues operating from Los Angeles under general manager Colby Mann.
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Donut Media | Recurrent Ventures | Wholly owned |
Ben Conrad, Matt Levin, and Nick Moceri founded Donut Media in Los Angeles in 2015, initially as an advertising shop producing content for automotive clients like Snap-on Tools and Nissan. The agency margins were thin, so the team pivoted to making its own YouTube videos. The 2016 clip "Two Grannies, One Lamborghini" crossed 10 million views, and the 2017 debut of Up to Speed, the car-history series hosted by James Pumphrey, turned the channel into a phenomenon: the studio's audience grew 439 percent that year.
Donut built a loyal community around a deliberately accessible take on car culture, expanding into seven additional YouTube series, the Past Gas podcast, merchandise, and a premium collectibles line. By its 2021 sale the company employed more than 30 full-time staff and drove roughly 60 million views per month.
Under Recurrent Ventures the brand has kept its Los Angeles identity while gaining corporate infrastructure. Donut expanded into live events including the annual Donut Cruise-In at the Petersen Automotive Museum, launched secondary channels such as Real Mechanic Stuff, and in May 2026 began streaming its HiLow series on Tubi. Management transitioned from founder Levin to general manager Colby Mann in early 2025, with longtime editor-in-chief figures like Nolan Sykes continuing to anchor the editorial product.
Who owns Recurrent Ventures?
Recurrent Ventures is majority backed by North Equity, the Miami venture equity firm that founded it in 2018. Blackstone invested $300 million in 2022 but does not control the company.
What brands does Recurrent Ventures own?
Its portfolio includes The Drive, Donut Media, Car Bibles, Task & Purpose, Field & Stream, Outdoor Life, SAVEUR, BobVila.com, Futurism, and military event properties. It sold Popular Science, Dwell, Domino, and Business of Home to Ziff Davis in May 2026.
Is Recurrent Ventures a public company?
No. Recurrent Ventures is privately held, backed by North Equity with additional investment from Blackstone. No shares trade publicly.
Who founded Recurrent Ventures?
The portfolio was assembled starting in 2018 by North Equity, with Andrew Perlman as co-founder. The Recurrent Ventures name launched in June 2021, and Perlman has served as CEO since November 2023.
Did Recurrent sell Popular Science?
Yes. Recurrent sold Popular Science to Ziff Davis in May 2026 alongside Dwell, Domino, and Business of Home, as part of a strategy to concentrate on automotive and military verticals.
Where is Recurrent Ventures headquartered?
Recurrent Ventures is headquartered in Miami, Florida, with publications operating from offices in New York and Los Angeles.
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Recurrent Ventures | USA | 2015 | Mass market | United states | All Genders |
Market Positioning: Donut Media competes with 1 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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