Gaming and entertainment news network Venn unveiled on Tuesday $26 million in Series A funding co-led by investors including Bitkraft, Josh Kroenke and Nexstar Media Group.
“With this new funding round, Venn is positioned for its next phase of growth as we plan to further expand our content creation capabilities and continue to enhance the distribution of our ‘instant and everywhere’ viewing experience” said Ben Kusin, Venn’s co-founder and co-ceo.
“We’re proud to welcome Nexstar as an important strategic investor and exclusive local television partner as we leverage the national reach of their 197 television stations, related digital multicast ...
“With this new funding round, Venn is positioned for its next phase of growth as we plan to further expand our content creation capabilities and continue to enhance the distribution of our ‘instant and everywhere’ viewing experience” said Ben Kusin, Venn’s co-founder and co-ceo.
“We’re proud to welcome Nexstar as an important strategic investor and exclusive local television partner as we leverage the national reach of their 197 television stations, related digital multicast ...
- 10/20/2020
- The Hollywood Reporter - Film + TV
Gaming and entertainment news network Venn unveiled on Tuesday $26 million in Series A funding co-led by investors including Bitkraft, Josh Kroenke and Nexstar Media Group.
“With this new funding round, Venn is positioned for its next phase of growth as we plan to further expand our content creation capabilities and continue to enhance the distribution of our ‘instant and everywhere’ viewing experience” said Ben Kusin, Venn’s co-founder and co-ceo.
“We’re proud to welcome Nexstar as an important strategic investor and exclusive local television partner as we leverage the national reach of their 197 television stations, related digital multicast ...
“With this new funding round, Venn is positioned for its next phase of growth as we plan to further expand our content creation capabilities and continue to enhance the distribution of our ‘instant and everywhere’ viewing experience” said Ben Kusin, Venn’s co-founder and co-ceo.
“We’re proud to welcome Nexstar as an important strategic investor and exclusive local television partner as we leverage the national reach of their 197 television stations, related digital multicast ...
- 10/20/2020
- The Hollywood Reporter - Movie News
Streaming 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.
Nexstar, as part of its strategic investment, secured an exclusive local TV broadcasting content and sales agreement for Venn’s 24-hour network and has the right to appoint a member to Venn’s board of directors. Nexstar operates 197 stations in the U.S., along with digital multicast networks and a network of digital properties.
“Gaming and esports are two fast-growing sectors and through our...
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.
Nexstar, as part of its strategic investment, secured an exclusive local TV broadcasting content and sales agreement for Venn’s 24-hour network and has the right to appoint a member to Venn’s board of directors. Nexstar operates 197 stations in the U.S., along with digital multicast networks and a network of digital properties.
“Gaming and esports are two fast-growing sectors and through our...
- 10/20/2020
- by Todd Spangler
- Variety Film + TV
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