According to VB, PlayVS has raised $50 million in Series C for its platform for high school esports. The round was led by existing investor NEA. Battery Ventures, Dick Costolo and Adam Bain of 01 Advisors, Sapphire Sport, Michael Zeisser, Dennis Phelps of IVP and cofounder of CAA Michael Ovitz.

PlayVS is building the infrastructure and official platform for high school esports. Through their online platform, integrations with game publishers and exclusive partnership with the NFHS, they are creating the world's first fullstack sports platform. This marks the first time that students will compete in esports on behalf of their high school, with the opportunity to compete and be recognized just like any other youth sport or activity.