Drake continues to expand into the world of sports. But this time, instead of renaming the Raptors' practice facility or flaunting his friendship with LeBron, the rapper embraced the realm of eSports by becoming an investor in an eSports betting company.
On Thursday, Austin Woolridge, the co-creator of the eSports betting start-up named Players' Lounge, penned an article where he disclosed that Drake was one of several other investors who believed in his dreams. As a result, the rapper and some of Silicon Vally's biggest names joined forces to help Woolridge and his partner secure $3 million in funding. Outside of Silicon's elite, Drake is also mentioned alongside venture capitalist companies such as Comcast Ventures and Canaan.
The company that Woolridge says was started "because it was tough to fit more than five people in a New York City apartment," is a platform where gamers can play against members for various prizes. Woolridge explains that during Players' Lounge's formative years, the company ran leagues throughout New York City before expanding to San Francisco as well as Drake's hometown Toronto. Now, through the help of investors, Players' Lounges plans to grow.
"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," Woolridge said. "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."
