PlayVS raises $50 million more for high school esports platform

PlayVS has raised $50 million for its platform for high school esports. The round comes just 10 months after the company raised a previous round of $30.5 million and 15 months after PlayVS raised $15 million. That’s $96 million in only 15 months (Update 9/18/19 7:54 a.m. Pacific time: 13 months, considering that the latest funding closed two months ago).

That’s a whirlwind fundraising record, and Delane Parnell, CEO of the company, said in an interview with GamesBeat that the reason the money keeps coming is that the Los Angeles company has executed on its plans to build a competitive gaming platform for tournaments for high school esports players. For instance, the company will expand to all 50 states with its Seasons events and platform by this fall.