The round was co-led by Seed round investor BITKRAFT and new investor Nexstar Media Group, Inc. (Nasdaq: NXST). 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 secured content and sales category exclusivity for local television broadcasting and has the right to appoint a member to VENN's Board of Directors.¯

VENN is a live 24/7 network for gaming, streaming, esports and entertainment audiences. Launched in August 2020 and broadcasting live from Vista Studios in Los Angeles, VENN is universally distributed across a broad range of media platforms, creating a frictionless "watch everywhere, instantly" viewing experience for the digital generations. VENN offers original programming produced in-house and in partnership with some of the biggest names and creators across the gaming, pop culture and lifestyle spaces. More programming, content and distribution deals will be unveiled over the coming months. For additional information, visit www.venn.tv.