Player’s Health raises financing round to transform the sports insurance market and amplify its mission of making youth sports safer for all athletes
Minneapolis, MN (Jan. 20, 2021) – Player’s Health is proud to announce the closure of our Series B financing round. We remain dedicated to providing turnkey risk management and insurance solutions to youth sports organizations and raised this capital to continue evolving our risk management approach and transforming the sports insurance market.
This round was led by RPM Ventures with participation from Greenlight Re, along with existing investors Eos Venture Partners and Will Ventures.
Player’s Health specializes in three major areas: risk services, injury management, and sports insurance. We started with the birth of our application, PH Rehab, to help organizations manage their athletes’ injuries by creating injury reports, managing concussion return-to-play, communicating updates, and reducing the risk of injuries falling through the cracks.
We have since evolved in 2019 and 2020 to offer sports insurance through PH Cover and managing athlete safety programs with PH Protect.
PH Cover provides an online insurance quote and buying (click and bind) experience specifically designed for youth sports organizations and the insurance industry, enabling significant reductions in the traditionally high administrative costs and friction associated with purchasing and servicing low-cost premium accounts. Our goal is to continue to revolutionize the insurance industry, which is why PH Cover is a one-stop-shop for sports insurance coverage of any kind, built by our team of athletes and brokers, with the game in mind.
PH Protect is a web and mobile application that allows athletes, parents, coaches, and staff to anonymously and privately report abuse, misconduct, or suspicious behavior within their organization any time anywhere. This critical service was developed with sports and abuse prevention experts, ensuring organizations implement best practices, proper governance, and compliance around abuse reporting. Athletes need protection from physical, emotional, and sexual abuse, Player’s Health gives them that.
“We’re extremely excited about our new partners that helped us close this round and grateful to RPM Ventures for leading the way,” said Tyrre Burks, Player’s Health Founder/CEO. “This is a huge step for the evolution of our business and it allows us to continue to fulfill our mission of creating a safer environment for athletes and giving sports organizations what they need to ensure proper protection.”
“Like many markets impacted by insurance, youth sports will be dramatically enhanced by leveraging data and best practices around risk management,” said Adam Boyden, RPM Ventures Managing Director. “Player’s Health is uniquely positioned to improve the lives of athletes, coaches and youth sports organizations and improving insurance coverage while constraining insurance premium growth.”
About Player’s Health
Headquartered in Minneapolis, Minnesota, Player’s Health is a sports services organization that provides digital risk management services and reporting tools to sports organizations to comply with the changing athletic environment and responsibilities. Player’s Health works towards establishing the safest environment for athletes and views the health and safety of athletes as a priority in today’s sports landscape. This requires creating and maintaining products that provide a circle of care for safety, trust, accountability, and accessibility for athletes. In doing so, Player’s Health is a company where the mission drives the business and creates an environment where fun and peace of mind lives in sports. For more information, visit playershealth.com.
Source: Player’s HealthTags: funding, Player's Health, seed funding