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Prize-Based Gaming Platform Players’ Lounge Has Raised $10.5 Million In Funding

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Players’ Lounge is a prize-based gaming platform. The company just announced it has closed its Series A round of funding, raising $10.5 million. It plans to use the funding to expand outside the genre of sports games. 

Griffin Gaming Partners led the round, with Comcast Ventures, Samsung Next, Vice Ventures, WndrCo, Sharp Alpha Partners, True Capital, Myles Garrett, Josh Norman, and Breanna Stewart participating. 

Since it launched, Players’ Lounge primarily hosts sports game events. Now, it plans to expand out of the sports genre, adding support for the likes of Call of Duty, Fortnite, and others. Players’ Lounge made its mark as a wagering platform specific to consoles and PC games. 

As part of its next phase of expansion, Players’ Lounge is expanding to all players. It will offer players their own challenges to match their skill level, for which players can win prizes if they complete those challenges. 

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