Streaming startup VENN — the Video Game Entertainment and News Network — has closed a $26 million Series A financing round to expand its audience.
The latest round of funding brings VENN to a total of $43 million raised, and was led by Nexstar Media Group and esports and gaming fund Bitkraft. Josh Kroenke, vice chairman of Kroenke Sports and Entertainment, was among the other contributors.
VENN, which launched in August as a live 24/7 streaming network for gaming and entertainment, is available on Twitch, YouTube, Facebook Gaming, Twitter, and other streaming devices.
With its investment, Nexstar, which operates 197 local stations and over 100 local news sites, will get exclusive local TV broadcasting rights and the right to appoint a member to VENN’s board of directors.