Former Fox News primetime host Tucker Carlson scored a win Monday as an “anti-woke” venture capital firm has agreed to invest millions of dollars in his budding media startup, according to reports.

Venture firm 1789 Capital, co-founded by Chris Buskirk and Omeed Malik, has invested $15 million in Mr. Carlson’s media company, according to The Wall Street Journal.

Mr. Buskirk and Mr. Malik told the Journal that 1789 Capital sees investment opportunities in three key areas, including in what they described as the “parallel economy,” where companies like Mr. Carlson’s use existing business models to reach conservative-leaning consumers.