VNN Sports, a high school sports communications software platform, has raised $3.7 million, led by NextWave capital with participation from Arsenal Ventures.
VNN Sports raises $3.7 million in outside capital
VNN Sports, a high school sports communications software platform based in northern Minnesota, has raised a $3.7 million funding round led by NextWave capital with participation from Arsenal Ventures.
January 16, 2020 at 7:42PM
CEO Rick Ehrman of Grand Rapids, Mi-based VNN has opened a Minneapolis office. He previously worked for Sports Engine, a similar company focused on amateur sports that was sold to NBC Universal.
"In my time at Sports Engine, our investors and partners had a front-row seat to see the power of digitization in athletics, culminating in the consolidation of the club sport space around us and our acquisition by NBC Universal in 2016," Ehrman said. "Receiving financial votes of support from high-profile organizations like NextWave and Arsenal further validates our vision at VNN and allows us to continue expanding our platform…" he said in a prepared statement.
Ehrman lives in Minneapolis.
VNN plans to use the funds to expand its marketing, product development and build the foundation laid over the past 18 months, which includes six partnerships and the launch of a team-centric mobile application.
VNN said it has 10% of American high school athletic communities as partners in a platform that claims 19 million parents, athletes, fans, software providers, and athletic professionals.
The two companies announced the agreement Friday evening. The terms are effective immediately.
