- Internet startup Network Next has raised $4.4M USD in its seed funding round.
- The investment was led by BITKRAFT Esports Ventures, and was joined by Velo Partners, Bain Capital Ventures, and game developer Psyonix.
- Network Next’s goal is to create an “internet fast lane for games,” and has secured Psyonix as its first customer.
Internet startup Network Next has raised $4.4M in its seed funding round. Founded in 2017, the company promises to create an “internet fast lane for games” that focuses on “high performance and the lowest latency possible…an unparalleled gaming experience.”
The investment itself is led by BITKRAFT Esports Ventures (which recently raised a $125M venture capital fund), and joined by Velo Partners, Bain Capital Ventures, and Psyonix Studios , developer of vehicular soccer game Rocket League .
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“We believe that game traffic should be prioritized above other internet traffic and could not be more thrilled to partner with investors who share that belief,” said Glenn Fiedler, CEO of Network Next. “With this new investment, we’ll be able to grow our team and continue the development of our technology, which will ensure that we can deliver on our vision.”
Fiedler founded the company after a 20-year career in game development, and is now seeking to partner with game developers. Psyonix is Network Next’s first such partner and customer. This investment comes at a time when the game developer has big plans on the horizon, including an expansion of its pro scene into South America.