Players’ Lounge is one of the hottest platforms exploring the intersections of gaming and friendly wagering. Thus far, the platform has secured support from NFL cornerback Josh Norman, former WNBA MVP Breanna Stewart and Drake. This week, the growing platform took another step forward by securing $10.5 million in Series A funding. The company’s co-Founder Austin Woolridge says that this funding will help fuel his “personal and professional freedoms.”
“It is an acknowledgment that we can identify a bigger picture and adapt. Players’ Lounge started as a company that hosted in-person FIFA tournaments at bars. Now, we are a full-blown tech company creating an entirely new vertical in gaming,” he told Afro Tech.
“I feel a sense of personal satisfaction in knowing that I am capable of ideating a vision, raising money around that vision, and scaling a team to execute that vision successfully.”
Founded by Austin Woolridge, Zach Dixon and Dan Delane, the company describes itself as a place where “gamers can place bets on matches they’re playing against others.”
“Users can play in solo head-to-head matches, tournament formats, or with friends to win real money. Players’ Lounge connects players to an opponent with the tap of a button, and our users are earning millions of dollars in prizes every month in The Lounge,” the company’s website states.
“Players’ Lounge offers those that aren’t already pro gamers or streamers the opportunity to raise the stakes and walk away with some cold hard cash.”
By the end of the year, Woolridge tells AfroTech that he hopes that his company can “support more games titles and launch new wagering features.”