Varsity News Network (VNN), a Grand Rapids, MI-based sports information technology platform is now expanding nationally and providing online communication platforms of high school athletics with a new round of funding.
Roughly $3.7 million of financing was completed that will go towards the expansion of the company and the launch of a mobile application. In February 2014, the company received $3 million Series A financing. Arsenal Venture Partners, a Florida-based venture capital firm, led the most recent financing.
“VNN is quickly building the largest school athletic digital media platform in the country and is growing at a pace that will allow it to continue to dominate the market,” said Ryan Wadding, partner at Arsenal Venture Partners.