Gaming and entertainment live-streaming network VENN has announced today the close of a $26m (~£19.94m) Series A financing round.
The round was co-led by seed-round investor BITKRAFT and new investor Nexstar Media Group, Inc. Eldridge, WISE Ventures, Alumni Ventures Group, Josh Kroenke (Vice-Chair of Kroenke Sports & Entertainment), and the majority of the existing series-seed investor group also participated in the round.
Under the terms of its investment, Nexstar has secured content and sales exclusivity for local television broadcasting and has the right to appoint a member to VENN’s Board of Directors.