Players' Lounge operates an online hub where gamers can set or join paid matches and massive tournaments to wager on outcomes. The platform emphasizes sports titles such as FIFA 19, NBA 2K19 and Madden 19, while also supporting Fortnite, Apex Legends and Super Smash Bros. Ultimate. Matches can be head-to-head or up to 500-person tournaments; wagers are often small and the company takes a 10% fee on bets. The startup was founded about five years ago and began by organizing real-life FIFA matches at bars in New York City before shifting online after joining Y Combinator last year. It closed $3 million in new funding and plans to use the cash to expand its playable game library and grow its development team. Players' Lounge says its contests are games of skill rather than chance, which reduces gambling regulatory risk, though a few states still prohibit the service.

Total raised

$3M

Funding rounds

1

Latest round

Equity

Latest activity

Mar 2019