'We really believe PlayVS will be not only a generational gaming product, but also a 100 million-plus user subscription business,' founder Delane Parnell says.
that provides the infrastructure for high school students to compete in officially sanctioned esports leagues. On Wednesday, it announced it raised $50 million in a round of Series C funding, bringing its total capital raise to $96 million.Squawk AlleyWhile some may bristle at the idea of video games being a varsity sport, Parnell said he believes the high school teams will bring the same benefits to students as other sports.
"Parents actually want their kids to have success in the student environment, and sports and activities have shown evidence of increasing student GPA, student engagement, student attendance," said Parnell. "It's giving kids a structured environment to do the things they love."
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