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HomeTechnologyGamers' Lounge raises $10.5M in funding, plans future enlargement

Gamers’ Lounge raises $10.5M in funding, plans future enlargement

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Gamers’ Lounge, the prize-based gaming platform, introduced it has closed its Sequence A spherical of funding, the place it raised $10.5 million. It plans to make use of the funding for its subsequent spherical of enlargement outdoors the realm of sports activities video games.

Griffin Gaming Companions led the spherical, with Comcast Ventures, Samsung Subsequent, Vice Ventures, WndrCo, Sharp Alpha Companions, True Capital, Myles Garrett, Josh Norman and Breanna Stewart taking part. Because it launched, Gamers’ Lounge primarily hosts sports activities sport occasions. Now, it plans to develop out of the sports activities style, including help for the likes of Name of Responsibility, Fortnite and others.

Gamers’ Lounge made its mark as a wagering platform particular to consoles and PC video games. Austin Woolridge, one of many co-founders of the platform, instructed GamesBeat in an interview, “Our imaginative and prescient has been to offer avid gamers — all avid gamers, no matter their ability degree — the power to earn and win cash taking part in their favourite triple-A video video games.”

As a part of its subsequent section of enlargement, Gamers’ Lounge is increasing to all gamers. It should provide gamers their very own challenges to match their ability degree, for which gamers can win prizes in the event that they full these challenges. Woolridge additionally added that the corporate plans to launch a cell app in Q3 2022. Woolridge added, “As an alternative of getting to play towards different avid gamers in a head-to-head capability, the brand new app permits you to win cash taking part in casually towards a foyer that has no thought you’ve cash on the road … full challenges to win cash, easy as that.”

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