Players’ Lounge, a Y Combinator graduate, is an esports tournament platform that connects players to compete for cash prizes. The platform provides equal opportunities to all players regardless of their skill levels and targets gamers on Xbox, PlayStation and PC and supports games such as Call of Duty, NBA, Madden, MLB, FIFA and Fortnite. The platform enables players to bet on their own performance placing wagers ranging between USD 2.5–500 on their skillful play out of which the platform takes a 10% cut.
Funding and financials
In July 2022 , the company raised USD 10.5 million in a Series A funding round led by Griffin Gaming Partners with participation from Comcast Ventures, Samsung Next, and Vice Ventures, among others. The funds were allocated to expand out of the sports gaming genre to launch a mobile app in Q3 2022.
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