
The Drive is owned by Recurrent Ventures, the Miami-based digital media company backed by venture equity firm North Equity. North Equity acquired The Drive from Meredith in December 2018, three years after Time Inc. launched it, and it became the founding property of the Recurrent portfolio. It publishes automotive news, reviews, and The War Zone defense vertical from New York.
| Brand | Parent Company | Ownership Type |
|---|---|---|
| The Drive | Recurrent Ventures | Wholly owned |
Time Inc. launched TheDrive.com in 2015 inside The Foundry, its content innovation unit, positioning it as a feature-heavy automotive destination distinct from the company's legacy car magazines. In February 2016 Time Inc. acquired two of YouTube's largest car channels, /DRIVE (featuring Chris Harris, Mike Spinelli, and Alex Roy) and Fast Lane Daily, folding their audiences and video talent into the site. Editor-in-Chief Mike Guy led the publication from founding.
The site carved out a distinctive editorial identity around smart, reported car culture coverage and launched The War Zone, Tyler Rogoway's defense and military technology vertical, which became an authority in its niche and remains the publication's most distinctive property. By late 2018 The Drive had reached 23 million monthly pageviews, 1.9 million YouTube subscribers, and nearly a million Facebook followers, with advertisers including Volvo, eBay Motors, Dodge, Jaguar, and Lexus.
Meredith Corporation acquired Time Inc. in early 2018 and moved quickly to divest non-core assets. North Equity purchased The Drive in December 2018, describing it as the largest independent automotive media brand in the United States. The deal became the first building block of what North Equity formalized as Recurrent Ventures in 2021, and Recurrent's own leadership still describes the acquisition as the template for its strategy of buying established enthusiast titles and scaling them on shared infrastructure.
Under Recurrent, The Drive has grown substantially, with the company reporting more than 250 percent audience growth since acquisition. It operates alongside Donut Media (acquired November 2021) and Car Bibles in an automotive vertical that now includes video, commerce, events, and affiliate operations.
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.
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| Vice Media | USA | 1994 | Mass market | Global | All Genders | |
| Buzzfeed Inc | USA | 2006 | Mass market | United states | All Genders | |
| Warner Bros Discovery | USA | 1980 | Mass market | Global | All-ages | |
| India Today Group | India | 1975 | Mass market | India | All Genders | |
| Vox Media | USA | 1968 | Premium | United states | All Genders |
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Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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