informa
1 MIN READ
News

Players' Lounge raises $3M for a wager-based, competitive video game platform

It's a hefty investment into a business based around competitive games, and one that has drawn the attention and funds of tech investors and celebrities like Drake.

Newsbrief: Players’ Lounge, a startup based on paying players for their wins in competitive games like Fortnite and Apex Legends, has raised $3 million in seed funding.

It’s a model that exists somewhere between professional esports and good ol’ casual games, and looks to give competitive players a way to make money off of their matches, with Players’ Lounge getting a slice of any buy-in as well.

And while it’s not the first business of its kind, it has attracted a fair amount of attention for big name investors both in and out of typical video game industry circles.

According to VentureBeat, the musician Drake is among the company’s initial investors, along with Take-Two Interactive CEO Strauss Zelnick, ex-Yahoo CEO Marissa Mayer, Comcast, Macro Ventures, Canaan, RRE, and Courtside.

Latest Jobs

Manticore Games

San Mateo, California
8.23.22
Senior Software Engineer - Mobile

Sony PlayStation

San Diego, California
6.23.22
Sr. Online Programmer

The Walt Disney Company

Glendale, California
8.1.22
Associate Marketing Manager - Walt Disney Games

Insomniac Games

Burbank, California
8.26.22
Accessibility Design Researcher
More Jobs   

CONNECT WITH US

Explore the
Subscribe to
Follow us

Game Developer Job Board

Game Developer Newsletter

@gamedevdotcom

Explore the

Game Developer Job Board

Browse open positions across the game industry or recruit new talent for your studio

Browse
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more