Drake makes another eSports investment
The rapper and video game fan is becoming more involved in the eSports industry
Drake might be best known as a rapper, but he isn’t shy about showing his support of video games. He is a well-established Fortnite player who also streams his activity often. He has already begun investing in eSports startups, taking part in a funding round held by 100 Thieves last year, and is once again showing his enthusiasm for the activity. Drake has invested in another eSports startup, Players’ Lounge.
Players’ Lounge is a mix between gambling and eSports. Gamers sign up, make deposits and play games such as Fortnite, FIFA 19, Madden NFL 19, Apex Legends and more against other players. Players are matched by their skill level to keep things fair and players can ultimately win, or lose, substantial amounts of cash.
According to Players’ Lounge co-founder Austin Woolridge, “Before Players’ Lounge there were only two clear ways to make money playing video games: 1. Going pro, which is basically being the Lebron James of your favorite game, or 2. Become a Twitch streamer, which is more reliant on one’s charisma than gaming acumen. Now, anyone above the age of 18 years old — from college students to 9–5 office workers — can make money playing video games using Players’ Lounge.”
Along with Drake, Marissa Mayer, formerly of Yahoo and Google, and Strauss Zelnick, formerly of Take-Two Interactive and BMG. The funding round raised a total of $3 million.
Woolridge adds, “In 2019 we plan on expanding our development team, supporting more games, adding streaming functionality and creating new formats for our community to compete in. We’re growing like crazy, but it still feels like we’re cultivating a tight-knit community of gamers and doing something we love — if we do our job right, that’s always how Players’ Lounge will be.”