Venu Holding Corporation (NYSE American: VENU) completed a capital raise generating $86.25 million in gross proceeds, the entertainment venue operator announced. The Colorado Springs-based company said the financing will strengthen its balance sheet and support ongoing expansion plans.

The company operates and develops entertainment and hospitality venues across multiple states. VENU currently has seven markets operating or under development, with projects in Colorado, Texas, and Oklahoma. The company stated it aims to establish venues in 40 markets across the United States.

"The market is hungry, and this raise proves it," said J.W. Roth, founder, chairman, and CEO of VENU. "We've created a model to scale premium entertainment destinations across the country, and investors are recognizing the opportunity."

VENU's business model combines multiple funding sources, including public-private partnerships with municipalities, fractional ownership of its Luxe FireSuites, institutional capital participation, and other financing instruments. The company said this approach reduces reliance on traditional venue financing.

The company projects $21.6 billion in total economic development impact across its operating venues and current developments. VENU's portfolio includes brands such as Ford Amphitheater, Sunset Amphitheaters, Phil Long Music Hall, and Bourbon Brothers Smokehouse and Tavern.

Goldman Sachs projects the global live music market will reach approximately $40.6 billion in 2026, representing roughly 10% year-over-year growth. VENU develops multi-seasonal venues designed to host concerts, festivals, hospitality events, and community programming throughout the year.

The information is based on a company press release.