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The Platform For Competitive Mobile Games

The Platform For Competitive Mobile Games

Skillz is the leading marketplace platform that helps players discover mobile games and compete against other players around the world. At the same time, the company helps developers build multi-million dollar franchises by enabling social competition in their games. Leveraging its patented technology, Skillz has hosted over 2 billion tournaments entries for 30 million mobile players worldwide and distributes over $60 million in prizes each month. Headquartered in San Francisco and Portland, the company is backed by leading venture capitalists, media companies, and professional sports leagues and franchises including the investment arm of the NFL and owners of the New England Patriots, Milwaukee Bucks, New York Mets and Sacramento Kings. Skillz has also earned recognition as one of Fast Company’s Most Innovative Companies, CNBC’s Disruptor 50, Forbes’ Next Billion-Dollar Startups, and the #1 fastest-growing company in America on the Inc. 5000.
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Latest Stories and News

Competitive mobile game maker Skillz will do a quick IPO at $3.5 billion valuation

  • VentureBeat
  • 1 month ago
  • Skillz today announced it’s going public through a quick initial public offering process, raising an estimated $849 million in cash from investors at a $3.5 billion pre-money valuation. This valuation is 6.3 times the company’s projected revenue for 2022.
  • Skillz provides a platform to turn any mobile game on iOS and Android into one you can play with friends or strangers for cash, prizes, or points. And it enables esports tournaments for games that integrate its platform.
  • Skillz is going public this fall on the New York Stock Exchange through a special public acquisition company (SPAC).
  • At the end of the transaction, Skillz will have roughly $250 million in cash and the public company investors will own around $600 million of the resulting $4.3 billion post-money valuation of the company, or roughly 14% of it.
  • After the deal closes, PIPE investors Wellington, Fidelity, Franklin Templeton, and Neuberger Berman will hold stakes in the company. Skillz stockholders, the top executives, and Flying Eagle investors have agreed to not sell their stock for 24 months.
Competitive mobile game maker Skillz will do a quick IPO at $3.5 billion valuation
3x Tech company founder/ceo/entrepreneur, angel investor in several startups.
Total raised

$65M

Funded over

5 rounds

Latest round

Series D (Oct 2018)

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Medical, dental, & vision

401(k) match program

Stock options

Paid time off policy

Snacks, friday team lunch, dinners

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