Los Angeles-based pc games company PlayVS has secured $50 million in Series C funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced Sept. 18 and led by New Enterprise Associates.
According to its Crunchbase profile, "PlayVS is an esports league that gives high school students the chance to compete for a state championship. When a student participates in sports and activities, the competitions are sanctioned through their state’s high school association. The National Federation of State High School Associations writes the rules and governance used by each state."
The two-year-old startup has raised two previous funding rounds, including a $30 million Series B round in 2018.
The round brings total funding raised by Los Angeles companies in sports over the past month to $51 million, an increase of $48 million from the month before. The local sports industry has produced 29 funding rounds over the past year, raking in a total of $298 million in venture funding.
In other local funding news, fitness and personal health company Kyoku announced a $1.1 million seed funding round on Sept. 27, financed by Science.
According to Crunchbase, "Kyoku is on a mission to empower every individual to achieve his or her fitness goals through active nutrition. We believe uniqueness is a fundamental characteristic of the human condition. Your body type, workout activity, and fitness goals are unique to you."
The company also raised a $100,000 pre-seed round in 2018.
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