Players Health Secures $60 Million Series C Funding to Revolutionize Athlete Safety and Sports Insurance
Player’s Health, a leading provider of athlete safety and sports insurance solutions, has successfully closed a $60 million Series C funding round. This significant investment was led by Bluestone Equity Partners, an institutionally-backed global private equity firm focused on the Sports, Media & Entertainment industry. The funding brings Player’s Health’s total funding to over $100 million, marking a new chapter in the company’s mission to redefine athlete safety across amateur and professional sports.
Founded by Tyrre Burks, a former professional football player, Player’s Health provides risk management services, reporting tools, and insurance products to sports organizations. The company’s data-driven and tech-enabled platform empowers these organizations to stay ahead of ever-changing safety and compliance responsibilities. With this funding, Player’s Health aims to accelerate its growth on several fronts, including the advancement of its AI-powered product personalization, strategic M&A to broaden its market reach and expand capabilities, and the expansion of its workforce to meet increasing consumer demand for its growing portfolio of specialized products and services.
The need to prioritize and enhance the safety and wellbeing of athletes has never been greater, with over 440,000 amateur sports organizations and more than 60 million people playing organized sports in the United States. Tyrre Burks, founder and CEO of Player’s Health, emphasized the importance of this investment and partnership in expanding the company’s nationwide reach and fostering a safer, more supportive ecosystem for athletes at every level.
Bobby Sharma, Founder & Managing Partner of Bluestone Equity Partners, highlighted the significant growth in participatory sports over the past decade and the projections that youth sports alone will nearly double to $69 billion over the next six years. This growth, coupled with the rapidly evolving economic landscape of name, image, and likeness in college athletics, creates unprecedented opportunities and challenges for athletes, families, and organizations alike. The funding round underscores the need and opportunity to build the necessary advisory infrastructure to unify and streamline the fragmentation of vendors and services in today’s sports insurance market.
Player’s Health has been at the forefront of providing innovative solutions to address these challenges. The company’s platform offers a comprehensive suite of services, including risk management, reporting tools, and insurance products tailored to the specific needs of sports organizations. With this new funding, Player’s Health is poised to further enhance its offerings and expand its reach, ensuring that athletes at all levels have access to the support and protection they need.
The investment by Bluestone Equity Partners and other participating investors, including Mosaic General Partners, RPM Ventures, SiriusPoint, and TriplePoint Capital, demonstrates a strong belief in Player’s Health’s mission and potential for growth. The company’s commitment to leveraging technology and data to improve athlete safety and wellbeing aligns with the growing demand for specialized products and services in the sports insurance market.
In conclusion, Player’s Health’s successful Series C funding round marks a significant milestone in the company’s journey to redefine athlete safety. With this new investment, the company is well-positioned to accelerate its growth, expand its offerings, and continue to make a positive impact on the lives of athletes across the United States.