The Video Game Entertainment Network (VENN) raised a $26 million Series A funding round Oct. 20 and will use the cash to expand its content lineup and global audience reach.
VENN has raised $43 million to date following this new funding. The round was co-led by BITKRAFT Esports Ventures, a backer of VENN since its first raise in September 2019 seed round, and new investor Nexstar Media Group.
Kroenke Sports & Entertainment Vice Chair (and partial heir to the Walmart family fortune) Josh Kroenke also joined the round as an angel investor. Kroenke Sports & Entertainment has invested in VENN directly as well and backed its August $17 million seed round.