*By Brandon Brathwaite*
PlayVS, a start-up created to build an infrastructure for high school esports, has announced a new Series B funding round of $30.5 million on Tuesday morning. The new infusion of capital was led by Elysian Park Ventures, a firm that operates on behalf of the Los Angeles Dodgers ownership group.
The new funding will also bring in new investments from Adidas, Samsung NEXT, and Plexo Capital.
Angel investors include: Sean “Diddy” Combs, David Drummond (an early employee at Google ($GOOGL) and now SVP of corporate development at Alphabet), Rahul Mehta (Partner at DST Global), Rich Dennis (Founder of Shea Moisture), Michael Dubin (Founder and CEO of Dollar Shave Club), Nat Turner (Founder and CEO of Flatiron Health), and Johnny Hou (Founder and CEO of NZXT).
New Enterprise Associates, Science Inc., Crosscut Ventures, Coatue Management and WndrCo will also continue their investment in PlayVS. The funding comes after PlayVS secured $15 million in Series A funding last June.
In a press release, Tucker Kain, CFO of the LA Dodgers and Managing Partner of Elysian Park Venture said of the latest: “With PlayVS, we have found a model that works, built on a powerful platform that delivers an unparalleled player experience and will have a profound impact on the future of youth sports across the country.”
In addition to the $30 million, PlayVS will launch new game partnerships with Psyonix and Hi-Rez Studios, publishers of “Rocket League” and “SMITE,” respectively. The two new game titles will be joining Riot Games’ “League of Legends.”
PlayVS will now be expanding its platform from its initial five early-access states of Connecticut (CIAC), Georgia (GHSA and GISA), Kentucky (KHSAA), Massachusetts (MIAA) and Rhode Island (RIIL) to include high schools within Alabama (AHSAA), Mississippi (MISSHSAA), and parts of Texas (TCSAAL).
Club Leagues will also be launched in five new states – Florida, Illinois, Ohio, Pennsylvania and Texas. Club Leagues will have full access to the PlayVS platform and have a similar season structure.
“We're honored to have the support of the LA Dodgers, which has one of the best ownership groups in major league sports and are one of the earliest investors in esports. They collectively share our vision for what the future athlete looks like,” PlayVS Founder and CEO Delane Parnell said in a statement.
“One of the reasons we're most excited about esports is accessibility. With this new round of funding and the addition of Rocket League and SMITE, we're able to take another huge step forward as we open the pathway for more students to compete and be recognized in the burgeoning esports industry.”
The inaugural season of PlayVs will begin in February of 2019.
Canada was one of the only developed countries in the world that did not have a premier league for soccer. Until now. The Canada Premier League will kick off its inaugural season next year in the hopes of creating a soccer revolution ahead of the 2026 World Cup, co-hosted in the country, says CPL commissioner David Clanachan.
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Most World Cup fans may have their money on the usual contenders: Brazil, France, and Germany. But there are a few teams and players that have the potential to upend the game and surpass expectations, says Jeffrey Marcus, publisher of The Banter.
The battle between Microsoft and Amazon is heating up. According to a Reuters report, Microsoft is working to develop cashierless technology to compete with Amazon, which recently introduced its first check-out free grocery store in Seattle.
The Boring Company has won the bid to build Chicago's Hyperloop. Elon Musk's company was one of four competing for the project. The Hyperloop will connect commuters between the city and O'Hare International Airport.
The president of the Staten Island Yankees joins us to talk about his team's temporary rebranding. For all five of its Saturday night home games this season, the team will play as the Staten Island Pizza Rats. The team's president Will Smith tells us the story behind this campaign.
The minor league baseball team is temporarily rebranding itself this season to incorporate the famous rodent that dragged a pizza slice down New York City's subway steps. "It's an aggressive name, I think it's probably a little edgy, a little different," said Staten Island Yankees president Will Smith.
The U.S., Canada, and Mexico will jointly host the World Cup in 2026, bringing the sporting event back to U.S. soil after a 30-plus-year hiatus. "I think it offers an aspirational platform for young players today," says Dan Flynn, U.S. Soccer CEO.
The driving range-slash-entertainment venue includes bars and restaurants, turning golf into a fun activity for all demographics, says Topgolf executive chairman Erik Anderson.
The 2018 World Cup starts on Thursday, and Jason Gurwin, co-founder and CEO of FOMOPOP, discusses the best ways to watch all of the soccer games from Russia.
The Philadelphia rapper and die-hard 76ers fan Freeway wants LeBron James to forsake Cleveland and Los Angeles, and take his talents to the City of Brotherly Love.
The vote this week for host of the 2026 World Cup will be a test of FIFA's efforts to clean up its act after a corruption scandal rocked world soccer's governing body three years ago, said Ken Bensinger, author of "Red Card: How the U.S. Blew the Whistle on the World's Biggest Sports Scandal."
