Players Health, a startup that manages risks for youth sports athlete and organizations, announced Wednesday it has raised $28 million in a venture capital round.
The round was led by San Francisco-based Mastry Ventures and Bermuda-based insurer SiriusPoint Ltd. (NYSE: SPNT). Other investment came from Ann Arbor, Mich.-based RPM Ventures, London-based Eos Venture Partners and Boston-based Will Ventures.
The Minneapolis-based company said in a statement that the funding will contribute to investments in technology and people, which will expand and enhance its athlete-safety and insurance offerings.
“These investments further our mission to create a safe haven in at least one corner of a child’s world,” said founder and CEO Tyrre Burks. “By expanding our partnerships, we expand the roster of guardians and the safety net of accountability for the increasing number of youth athletes.”
Players Health was founded in 2015 as a platform to track injuries and allergies for youth sports athletes. However, fewer than three years ago, the company expanded to offer insurance for sports leagues.
It now offers coaching and staff credentialing, education and training, abuse reporting and investigations, and a full suite of relevant insurance products including general liability, accident and health, professional liability and property, as well as claims reporting.
The company's several thousand insurance customers include U.S. Youth Soccer, NFL Flag Football and USA Cheer.
