PORTFOLIO CO. PLAYVS — PlayVS, bringing esports infrastructure to high schools, picks up $15 million

PlayVS, the startup building esports infrastructure at the high school level, has today announced the close of a $15 million Series A funding round. The financing was led by New Enterprise Associates, with participation from existing investor Science, as well as CrossCut Ventures, Coatue Management, Cross Culture Ventures, the San Francisco 49ers, Nas, Dollar Shave Club founder Michael Dubin, Twitch cofounder Kevin Lin, and others.

PlayVS first publicly launched out of the LA-based Science startup studio in April. The company partnered with the NFHS, the equivalent of the NCAA for high school-level sports, to build out leagues, rules and more around high school esports.

Most high school sports are governed by the NFHS, which writes the rules, hires referees, schedules seasons and determines the format of playoffs and state championships. That same infrastructure might carry over from one high school sport to another, but esports represents a new challenge for the NFHS.

PlayVS brings to market a platform that schedules games, helps schools hold try-outs and form teams, and pulls in stats real-time from games thanks to partnerships with game publishers.

In October, PlayVS will launch its inaugural season, bringing organized esports to more than 18 states and approximately 5 million students across 5,000 high schools.

As esports continue to grow, colleges and professional organizations have already started investing in scholarship programs and pro teams respectively. But whereas other high-level teams look at high school athletes for recruiting, the same infrastructure has not yet been put into place for esports.

PlayVS wants to change that. The new round of funding will go towards expanding the product and the team to eventually put PlayVS in every high school across the country. The company has yet to announce which schools will participate and which games will be available during the first season, but PlayVS has confirmed that the games will be PC-based and will come from the Multiplayer Online Battle Arena, Fighting and Sports genres.

Original article — https://techcrunch.com/2018/06/04/playvs-bringing-esports-infrastructure-to-high-schools-picks-up-15-million/

PORTFOLIO CO. URBANEER — Urbaneer provides downtown living space solutions

Urbaneer designs and builds movable walls, wall beds, wall tables and kitchen islands for smaller living spaces.

Millennials, tired of sprawl and lengthy drive times, want to live in downtowns and are willing to downsize into smaller housing to do so.

Grand Rapids-based Urbaneer LLC wants to help them.

The company, a tenant at the Start Garden incubator downtown, has closed on more than $1 million of a planned funding round of $1.5 million. Raul Fernandez, vice chairman and owner of Washington, D.C.,-based 

Monumental Sports & Entertainment, and Wakestream Ventures LLC, the DeVos family oice in Grand Rapids, led the funding.

Previously, Urbaneer was a proof-of-concept unit at Grand Rapids-based Rockford Construction testing the theory that it makes commercial sense to design smaller, smarter living spaces for urbanites.

Through subcontractors, Urbaneer designs and builds movable walls, wall beds, wall tables and kitchen islands that go from coee-table height to counter height to provide functionality to smaller living spaces. The company received two patents on its movable walls in 2015.

For example, a couple renting a 900-square-foot apartment in a downtown doesn't need as much square footage in their bedroom during the day as at night. So, Urbaneer designed a wall that moves back at night to make a full-size bedroom and moves the other way by day to make the bedroom tiny and turn a cramped space on the other side of the wall into a comfortable dining area.

In January, Forbes featured Urbaneer in an article on intriguing gadgets for home use that were on display at the Consumer Electronics Show in Las Vegas. Urbaneer's $8,000-plus wireless kitchen featured counters with built-in wireless power for mobile devices, laptops and other smart kitchen appliances.

"We want to design the right housing for a changing population that wants smaller, more eicient spaces," said Bruce Thompson, Urbaneer's co-founder and president. "People moving into cities won't need as much space or have as much stu. We want to be that company that builds the next generation of building spaces."

Thompson said Urbaneer employs four full-time employees and four contractors and will use the current funding round to ramp up sales and marketing and on product development.

"Where we live and how we live is changing. Our cities are changing. As a result, developers and builders are seeking new solutions that create more livable spaces. Urbaneer is a new breed of company, with a powerful vision, and its products are creating the next generation of living spaces," said Wakestream Investment Director Kim Pasquino.

Experienced innovator

"Urbaneer's sweet spot is how we create a smarter space that works more eiciently in urban spaces as real- estate costs go up with demand and as people want to return to cities," said Paul Moore, a director at Start Garden. "Bruce is one of those seasoned and smart guys who blows up the mythology of startups being incubated out of dorm rooms. The ones that grow really smart and really fast are grown by people who have been successful in other areas."

Indeed, Thompson's CV goes well beyond the dorm room.

In 1988, he founded Online Management Services in Colorado, which he acknowledges was too far ahead of the Internet curve and went out of business two years later. He has also worked with Grand Rapids-based Computer Design Inc., an early developer of computer-aided design systems; joined MCI Telecommunications' new business development team in Washington, D.C.; was vice president of corporate development for Washington-based Proxicom, a systems integrator Fernandez founded; and was VP of corporate development at Virginia-based Objectvideo, which provides video soware for security, public safety and business intelligence.

Thompson later returned to his hometown of Grand Rapids as a partner in RC Logistics before becoming chief strategy oicer at Rockford Construction. He and Rockford CEO Mike VanGessel co-founded Urbaneer in 2013.

Manufacturing community

"Western Michigan is a really good place to do this. The oice-furniture industry means there is an established supply chain for us," said Thompson.

West Michigan is home to Grand Rapids-based Steelcase Inc., Zeeland- based Herman Miller and Holland-based Haworth among other furniture manufacturers.

Jennifer Boezwinkle, Rockford's vice president of communications and
strategy, said the construction, real-estate development and property-
management company wanted to get ahead of trends in the market
place. Engineering News-Record ranks Rockford as one of the top 150 contractors in the nation. Founded in 1987, the company claims projects totaling nearly $4 billion in more than 800 cities across the U.S.

"Millennials prefer to live in cities," Boezwinkle said. "But with an influx to cities like Grand Rapids, the supply gets very expensive, which is why the small-space movement is growing."

Rockford has incorporated some Urbaneer designs in two of its recent redevelopment projects. Two Urbaneer apartments were built at the 18-unit 600 Douglas project as models. Some Urbaneer design was included in all 99 apartment units at The Morton, a rehabbed building built in the late 1800s in downtown Grand Rapids. The Morton apartments range from 500 square feet to 1,200 square feet. Rockford and Urbaneer also built a small demonstration house in Grand Rapids.

So far, Thompson said, 400 living units in projects in Traverse City, Detroit, Washington, D.C., Chicago, New York City and Austin, Texas, have incorporated Urbaneer design.

"We are extremely jazzed about this. We showed we could do it in a renovation as well as in new construction," said Boezwinkle. "Aordable housing is a challenge in Grand Rapids, and this is certainly a piece of the solution. And there are opportunities moving forward in student housing, in senior housing and in creating a better work environment. It's all about creating spaces that can transform."

Original article—http://www.crainsdetroit.com/article/20180520/news/660891/urbaneer-provides-downtown-living-space-solutions-in-grand-rapids