informa
News

Investors pour $15M into mobile game cash prize platform Skillz

Investors have seen fit to bet another $15 million on Skillz, a company and a platform that mobile game developers can use to accept and pay out real money to their players.

Investors have seen fit to bet another $15 million on Skillz, a company founded in 2012 with the goal of providing a platform that mobile game developers can use to accept and pay out real money to their players.

That brings the firm's financing total to $28 million so far, making it a bit of a bellwether in the nascent industry of mobile games offering real-money payouts. Skillz will use its newfound cash to bolster its marketing efforts (the company bills itself as offering 'eSports for everyone') and staff up as it debuts new support for developers to manage live events.

The platform already supports developers running cash prize tournaments (with or without entry fees) and offering payouts based on loyalty or leaderboard performance in games like Parking Battle and Real Money Totem.

"With more people playing video games than all physical sports, eSports are achieving mainstream adoption, and Skillz is leading the way," investor and Milwaukee Bucks co-owner Marc Lasry stated in a press release confirming Skillz' $15 million Series B funding round. 

"It's easy to imagine the day when eSports competitions share the same court as the Milwaukee Bucks."

Latest Jobs

Infinity Ward

Woodland Hills, California
11.3.21
Sr. Multiplayer Design Scripter/Programmer

Disbelief

Cambridge, Massachusetts
11.3.21
Jr. Programmer

XSEED

Torrance, California
11.3.21
Head of Marketing
More Jobs   

CONNECT WITH US

Register for a
Subscribe to
Follow us

Game Developer Account

Game Developer Newsletter

@gamedevdotcom

Register for a

Game Developer Account

Gain full access to resources (events, white paper, webinars, reports, etc)
Single sign-on to all Informa products

Register
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more