Black Owned Esports Company Raises $50 Million | Shoppe Black

PlayVS, a Black owned Esports company which develops software used to operate high school esports competitions, announced recently that it had completed a $50 million Series C funding round.

The round was led by New Enterprise Associates, which also headed up the company’s $15 million Series A in summer 2018. Other investors in the round include Battery Ventures; CAA cofounder Michael Ovitz; early-stage venture fund Sapphire Sport; Michael Zeisser, former head of U.S. investments for Alibaba; Dennis Phelps of private equity firm IVP; and 01 Advisors, a fund run by former Twitter executives Dick Costolo and Adam Bain.