VENN leveled up in its quest to become the 24/7 streaming network for gaming on Tuesday, announcing it has closed a $26 million Series A financing round. The Playa Vista-based company has also turbocharged its leadership and distribution network.
The Videogame Entertainment and News Network launched in August with $17 million in seed funding. That round was led by Bay Area gaming fund BITKRAFT, which also co-led the Series A — this time with Nexstar Media Group, a NASDAQ-listed telecoms company headquartered in Irving, Texas.
The report quantified esports players' winnings across leagues and countries, providing new data to illustrate gaming's diversity problem.
Winnings among the top 10 males ranged from $3.6 million to nearly $7 million. Among female esports pros, that range was just $50,000 to $358,000.
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Fan Controlled Football does what it says: It lets those in the virtual bleachers have more control of the game.
Backed by high-profile investors including rapper Quavo of Migos and former boxer Mike Tyson, the latest esports league announced it will launch live-streamed games over a six-week on Twitch this February.