Todd Spangler NY Digital EditorStreaming startup VENN, two months after its official launch, announced that it has closed a $26 million Series A round of financing to expand its gaming and esports network.The funding brings VENN to $43 million total raised to date.
The latest round was led by broadcaster Nexstar Media Group and esports investment fund Bitkraft, which had previously invested in VENN’s seed round.
Others contributing to the Series A included Eldridge Industries, WISE Ventures, Alumni Ventures Group and Josh Kroenke, vice chairman of Kroenke Sports and Entertainment (owner of the NFL’s L.A.
Rams, NBA’s Denver Nuggets and other sports franchises).Nexstar, as part of its strategic investment, secured an exclusive local TV.
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