Drake, a household name in global music has joined some of Silicon Valley’s biggest Venture Capitalists and angel investors—including Strauss Zelnick and Marissa Mayer—in raising a total of $3 million for Players’ Lounge.
“Players’ Lounge is a platform where gamers can play their favourite video games against others for prizes,” CEO Austin Woolridge, wrote in a Medium Post. He founded the company with his college soccer teammate Zach Dixon in 2014.
The company says it hosts 350 million players over the age of 18 who earn millions of dollars every month.
“It’s crazy to think this all started because it was tough to fit more than five people in a New York City apartment,” Woolridge said.
Fortune reports that Comcast, Macro Ventures, Canaan, RRE, Chetrit Ventures, and Courtside also invested in the eSports startup’s funding round—eager to contribute to a market sector that is expected to earn $1 billion globally this year.
“In 2019 we plan on expanding our development team, supporting more games, adding streaming functionality and creating new formats for our community to compete in,” Woolridge wrote on Medium.
