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Skillz Secures an Additional $6M

2014-09-26
SAN FRANCISCO, CA, Worldwide leader in mobile eSports, today announced it has raised $6 million in financing led by Atlas Venture.
Skillz, the worldwide leader in mobile eSports, today announced it has raised $6 million in financing led by Atlas Venture. The new capital, which was a mix of venture debt and equity, will allow Skillz to fund a multi-million dollar user acquisition program available exclusively to developers launching games on the Skillz platform. The user acquisition program will help developers attract new players into their games while driving consumer awareness of mobile eSports.

'As eSports continue their meteoric rise in popularity, Skillz is delivering a competition system to the industry on the world's most accessible platform: mobile. This latest round of funding brings our industry one step closer to the inevitable future of a tournament system in every mobile game,' said Andrew Paradise, CEO and founder of Skillz. 'We're ushering in a new era in competitive gaming.'

Skillz currently pays out more than $10,000 daily in tournament prizes and operates more than 50,000 competitions a day across hundreds of mobile titles. While the platform is proving to be wildly popular with gamers, developers are also benefiting from Skillz, as the revenue generated from tournament fees is proving to be a lucrative monetization strategy. From publicly traded studios to one man indie shops, developers are finding that implementing the Skillz platform is a smart business decision.

'eSports are quickly becoming big business,' said Jeff Fagnan, Partner at Atlas Venture. 'What's most exciting about Skillz is that they are completely transforming the industry by making competitions available on mobile, tapping into an enormous, previously untouched market.'

Players interested in competing can visit skillz.com/play on their mobile device or visit www.skillz.com/games from their PC.

Developers interested in implementing the Skillz SDK can visit: www.skillz.com/developers.

Want to become a Skillz affiliate? Please visit: http://skillz.com/affiliates/.

For press materials, please visit: skillz.com/presskit.

About Skillz

Skillz is the worldwide leader in mobile eSports. Skillz believes in making mobile games more fun and competitive for players while making game creation more lucrative for developers. Skillz enables new direct revenue for game developers, while enhancing rather than interrupting the gamer experience. Founded in 2012, the company has offices in San Francisco and Boston. Skillz has raised $13.3M in funding led by Atlas Venture and launched its proprietary platform in April 2013. To learn more, visit www.skillz.com.
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