Kroenke Sports & Entertainment financing tops recent funding news in Denver
Denver-based sports company Kroenke Sports & Entertainment secured $712 million in debt financing last month, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion, financed by Deutsche Bank, joined a handful of smaller venture capital investment rounds in the Mile High City in August.
The news from Aug. 7 came as as Kroenke Sports & Entertainment owner Stan Kroenke made a successful bid to assume complete control of soccer club Arsenal, ending a protracted ownership battle. The financing brings Denver into second place for net investment in the sports category over the last three months, trailing only New York City, which saw $1.6 billion in sports-related funding within that timeframe.
The second-biggest funding event in Denver last month took the form of a $165 million venture round, led by New Enterprise Associates, Inc., for Paladina Health, “an innovative employer-sponsored healthcare provider” headquartered at 1551 Wewatta St.
Guzman Energy, a wholesale power provider and energy trading company, secured $130 million private equity financing on Aug. 17. And on Aug. 23, Evolve Vacation Rental Network, which says it’s “redefining vacation rental management by providing homeowners with better performance, lower fees and unrivaled flexibility,” raised $80 million in a series D funding round led by T. Rowe Price.
Other notable funding events last month included $43 million in series C funding for Galvanize, “a 21st century school for entrepreneurs, engineers, and data scientists”; $8.5 million in series A funding for CULedger, which “offers a protocol that allows innovation around financial transactions”; and $3 million in series B funding for SWIIM System, “a software suite and technology system designed to enhance a farm’s operation and conserve applied agricultural water.”
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