About Players Lounge
Players Lounge is a company based in New Castle (United States) founded in 2014 by Dan Delaney, Zach Dixon, and Austin Woolridge.. Players Lounge has raised $31.27 million across 3 funding rounds from investors including MACRO, Strauss Zelnick and Marissa Mayer. Players Lounge offers products and services including Gaming Challenges and Staking Service. Players Lounge operates in a competitive market with competitors including Smarkets, Kutt, WagerLab, PeerBet and Lucky Betting, among others.
- Headquarter New Castle, United States
- Founders Dan Delaney, Zach Dixon, Austin Woolridge
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$31.27 M (USD)
in 3 rounds
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Latest Funding Round
$13.8 M (USD), Series A
Jul 01, 2022
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Investors
MACRO
& 9 more
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Employee Count
Employee Count
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Products & Services of Players Lounge
Players Lounge offers a comprehensive portfolio of products and services, including Gaming Challenges and Staking Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Features for users to compete in video games for cash rewards.
Allows staking on other players' gaming challenges for shared winnings.
Funding Insights of Players Lounge
Players Lounge has successfully raised a total of $31.27M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $13.8 million completed in July 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $13.8M
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First Round
First Round
(28 Mar 2019)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2022 | Amount | Series A - Players Lounge | Valuation |
investors |
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| Jun, 2022 | Amount | Series A - Players Lounge | Valuation |
investors |
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| Mar, 2019 | Amount | Seed - Players Lounge | Valuation | Comcast Ventures , MACRO |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Players Lounge
Players Lounge has secured backing from 10 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include MACRO, Strauss Zelnick and Marissa Mayer. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Comcast Ventures is focused on investing in technology startups.
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Investments in tech companies are made by Sinai Ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Players Lounge
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Players Lounge
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Players Lounge Comparisons
Competitors of Players Lounge
Players Lounge operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Smarkets, Kutt, WagerLab, PeerBet and Lucky Betting, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Sports betting exchange platform facilitated for user-to-user wagers.
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| domain | founded_year | HQ Location |
Provider of a P2P sports betting platform
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| domain | founded_year | HQ Location |
Social sports betting platform
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| domain | founded_year | HQ Location |
A peer-to-peer social betting app connecting users for interactive wagering.
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| domain | founded_year | HQ Location |
Operates an app-based platform for online betting services.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Players Lounge
Frequently Asked Questions about Players Lounge
When was Players Lounge founded?
Players Lounge was founded in 2014 and raised its 1st funding round 5 years after it was founded.
Where is Players Lounge located?
Players Lounge is headquartered in New Castle, United States. It is registered at New Castle, Pennsylvania, United States.
Who is the current CEO of Players Lounge?
Austin Woolridge is the current CEO of Players Lounge. They have also founded this company.
Is Players Lounge a funded company?
Players Lounge is a funded company, having raised a total of $31.27M across 3 funding rounds to date. The company's 1st funding round was a Seed of $3M, raised on Mar 28, 2019.
What does Players Lounge do?
Provider of a P2P betting platform for playing sports gaming activities. It is a social gaming startup that allows gamers to connect and bet on themselves and others. They can compete against other players and win cash based on their performance.
Who are the top competitors of Players Lounge?
What products or services does Players Lounge offer?
Players Lounge offers Gaming Challenges and Staking Service.
Who are Players Lounge's investors?
Players Lounge has 10 investors. Key investors include MACRO, Strauss Zelnick, Marissa Mayer, Comcast Ventures, and Canaan.
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