Nerd Street Gamers, a Philadelphia-based developer of local training and competition facilities for esports, raised $12 million in Series A funding.

Why it matters: Esports has been growing ahead of its physical infrastructure, so back-build is needed to protect existing investments — both on the professional and amateur sides.

  • Discount retailer Five Below led and was joined by return backers Comcast, SeventySix Capital and Elevate Capital.

The bottom line: "As part of the deal, Five Below and Nerd Street Gamers will build 3,000-square-foot Localhost spaces connected to select Five Below locations, beginning with a multi-store pilot in 2020. Based on what they learn from the pilot, the companies will determine future rollout plans, which could include 70 or more locations over the next several years," ⁠writes Dean Takahashi of VentureBeat.

Go deeper

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Politics: Trump says if Biden's elected, "he'll listen to the scientists"Trump calls Fauci a "disaster" on campaign call.
  2. Health: Coronavirus hospitalizations are on the rise — 8 states set single-day coronavirus case records last week.
  3. States: Wisconsin judge reimposes capacity limit on indoor venues.
  4. Media: Trump attacks CNN as "dumb b*stards" for continuing to cover pandemic.
  5. Business: Consumer confidence surveys show Americans are getting nervousHow China's economy bounced back from coronavirus.
  6. Sports: We've entered the era of limited fan attendance.
  7. Education: Why education technology can’t save remote learning.
Updated 2 hours ago - Politics & Policy

Microphones will be muted during parts of Thursday's presidential debate

Photos: Jim Watson and Saul Loeb/AFP via Getty Images

The Commission on Presidential Debates adopted new measures on Monday to mute the microphones of President Trump and Joe Biden to allow each candidate two minutes of uninterrupted time per segment during Thursday night's debate.

Why it matters: During September's chaotic debate, Trump interrupted Biden 71 times, while Biden interrupted Trump 22 times.

Updated 2 hours ago - Politics & Policy

Supreme Court denies Pennsylvania GOP request to limit mail-in voting

Protesters outside Supreme Court. Photo: Daniel Slim/AFP via Getty Images

The Supreme Court on Monday denied a request from Pennsylvania's Republican Party to shorten the deadlines for mail-in ballots in the state. Thanks to the court's 4-4 deadlock, ballots can be counted for several days after Election Day.

Why it matters: It's a major win for Democrats that could decide the fate of thousands of ballots in a crucial swing state that President Trump won in 2016. The court's decision may signal how it would deal with similar election-related litigation in other states.