Kids Sports Entertainment, Inc. announced that it has received $27.5 million in funding from NBC Sports, Inc., Emil Capital Partners, LLC, Sky plc, TEGNA Inc., Beringea LLC, and other investors
January 22, 2017
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On January 23, 2017, Kids Sports Entertainment, Inc. closed the transaction. The company announced that it has amended the terms of the transaction. The company received $7,500,000 in its second tranche. The company received $27,500,000 in funding so far in the transaction. The transaction was led by new investor Beringea LLC for $4,600,000. Beringea LLC invested through ProVen Growth & Income VCT PLC (LSE:PGOO) and ProVen VCT plc (LSE:PVN).
Tegna Inc. is a media company, which is engaged in providing stories, investigations and marketing services. The Company owns and operates approximately 64 television stations and two radio stations in 51 United States markets and owns four network affiliates in approximately 25 markets among independent station groups, reaching approximately 39% of United States television households. The Company also owns multicast networks, which include True Crime Network, Twist and Quest. Through TEGNA Marketing Solutions (TMS), its integrated sales and back-end fulfillment operations, it delivers results for advertisers across television, digital and over-the-top (OTT) platforms, including Premion, its OTT advertising network. Its Premion business operates an advertising network for OTT streaming and connected television platforms. The Company also operates VAULT Studios, which develops original television programs developed from its stationsâ library of true crime and investigative content.
Kids Sports Entertainment, Inc. announced that it has received $27.5 million in funding from NBC Sports, Inc., Emil Capital Partners, LLC, Sky plc, TEGNA Inc., Beringea LLC, and other investors
TEGNA INC. 
