Black entrepreneurs are making major moves when it comes to securing venture capital for their businesses. Earlier this year it was revealed that PlayVS—a gaming company founded by a Black millennial entrepreneur from Detroit—was on its way to becoming the largest Series A raised by a Black-owned consumer internet company. The company just got a major boost with the help of mogul Sean Combs, Variety reported.
The eSports league platform ended its Series B funding round with $30.5 million raised, the news outlet writes. Elysian Park Ventures spearheaded this round of funding. Amongst those who invested in the company included Sean Combs and major companies like Samsung and Adidas. During the Series A round, PlayVS garnered $15 million. Founded by Delane Parnell, PlayVS is an eSports league platform that gives high school students the chance to virtually compete. Users can host competitions and live stream matches.
Source: Black Millennial Entrepreneur Raises $30.5M During Series B Funding
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