Website and Graphics Design Nigeria | Professional and Affordable Design Services
[TECH NEWS] Startup branding: how much does it really cost?
[TECH NEWS] Startup branding: how much does it really cost?
March 28, 2019
[TECH NEWS] Huawei’s chairman has harsh words for the U.S. government
[TECH NEWS] Huawei’s chairman has harsh words for the U.S. government
March 29, 2019
Show all

[TECH NEWS] Drake invests in eSports betting startup Players’ Lounge

[TECH NEWS] Drake invests in eSports betting startup Players’ Lounge

Drake’s latest collaboration isn’t with Kanye or Kendrick, it’s with Marissa Mayer.

The rap superstar has joined a bevy of Silicon Valley investors, including Strauss Zelnick, Comcast, Macro Ventures, Canaan, RRE, Courtside and Marissa Mayer, to fund Players’ Lounge, an esports startup looking to pit gamers against each other in their favorite titles with some friendly wagers on the line.

The startup has just announced that it closed $3 million in funding.

The company, which has been around for five years, got its start as an esports startup looking to organize real-life matches at bars in New York City to play FIFA. That’s obviously not the most scalable business of all time, but last year after joining Y Combinator, the company really dove into a new model that looked to create an online hub for gamers to battle each other in titles of their choosing, with money on the line.

The company has a heavy emphasis on sports titles, like FIFA 19, NBA 2K19 and Madden 19, but there are also some heavy hitters like Fortnite, Apex Legends and Super Smash Bros. Ultimate.

Gamers can set a match or join one in head-to-head challenges or in massive 500-person tournaments. The wagers are often a buck or two but can swell much higher. Players’ Lounge takes 10 percent of the bets as a fee. Because it’s a game of skill, not chance, there aren’t many issues with gambling regulations, though a few states still don’t allow the service, the company says.

The startup plans to use their new cash to beef up their library of playable games and add to their development team.

Read More

1 Comment

  1. Any brand or business who Posts to Facebook knows how important it is to maximize every single facebook post.

    This tool helps you do exactly that with ease. Your facebook post will be much more engaging and you will see more results

    and interaction from each and every post.

    http://bit.ly/308FZvF

    This tool is a must in the arsenal of any brand or business. This FB tool will help bring attention to your posts. Start getting more engagement from every post on

    Facebook and see the results for yourself

    http://bit.ly/308FZvF

Leave a Reply

Your email address will not be published. Required fields are marked *

Good things come to those who sign up for our newsletter
Join our email list to get the latest blog posts straight to your inbox
SUBSCRIBE
Give it a try, you can unsubscribe anytime.
close-link