Tuesday, October 20, 2020

VENN Scores $26M For Game Streaming Network

Playa Vista-based VENN, which operates a streaming game network, has raised $26M in a Series A funding round, the company said on Tuesday. The funding was co-led by BITKRAFT Ventures and Nexstar Media Group, and also included Eldridge, WISE Ventures, Alumni Ventures Group, as well as the company's seed investors. Nexstar will add a member to VENN's board as part of the funding round. Nexstar is a major owner of U.S. television stations. The new funding comes on top of an earlier $17M in seed funding announced last year, bringing the company's total raised to $43M.