PlayVS picks up $50 million Series C to build out high school esports
PlayVS, the platform that allows high school students to compete on varsity esports teams through their school, has today announced the close of a $50 million Series C led by existing investor NEA. Battery Ventures, Dick Costolo and Adam Bain of 01 Advisors, Sapphire Sport, Michael Zeisser, Dennis Phelps of IVP and cofounder of CAA Michael Ovitz.
This brings the startup’s total funding to $96 million, the vast majority of which was raised in the last 13 months.
PlayVS launched in April of 2018 under founder and CEO Delane Parnell, who believes that the opportunity of esports is fundamentally broken without high school leagues. Through an exclusive partnership with the NFHS (the NCAA of high schools), PlayVS allows schools across the country to create esports teams and participate in leagues with their neighboring schools, just like any other varsity sport.
PlayVS also partners with the game publishers, which allows the platform to pull in stats and track players performance across every game directly from the PlayVS website.
The startup charges either the player, parent/guardian or school $64 per player to participate in ‘Seasons’, PlayVS’s first product. It was launched in October of 2018 in five states and expanded to
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