has raised $3 million to build out its platform for players to play .
While rivals such as have created a big business already with mobile games, Player’s Lounge is targeting low-stakes competitions with players on consoles and PC games.
The money comes from entertainer Drake, Take-Two Interactive CEO Strauss Zelnick, former Yahoo CEO Marissa Mayer, Comcast, Macro Ventures, Canaan, RRE, and Courtside.
Zach Dixon and Austin Woolridge founded the company in the fall of 2014. They started it as a pop-up arcade company, but pivoted when that didn’t work. They moved the company to New Orleans from New York and launched their site in early 2016.
Today, players earn millions of dollars in prizes on the site every month.
“The idea came because