Mobile eSports outfit Skillz has raised $25 million in a Series C funding round.
The company works with developers to integrate its eSports platform into their games. It believes powering more competitive play can increase player engagement and revenues.
Rapid rise
Skillz has grown its own revenues by more than 50,000% over the last three years, making it America’s fastest-growing company according to Inc Magazine.
Earlier this year the firm announced it had doubled its revenue run-rate to $100 million in just eight months.
The company’s growth has been enough to impress investors to the tune of $25 million. The latest funding round was led by media and telecommunications companies Telstra and Liberty Global, and also included Sacramento Kings co-owner Andy Miller, Bridge Bank, Accomplice and Wildcat Capital.
“With our Series B, Skillz partnered with the leaders in sports: the owners of the New England Patriots, Milwaukee Bucks and New York Mets,” said Skillz CEO Andrew Paradise.
“With our Series C, we have partnered with the world’s leading media companies in Telstra and Liberty Global. Together we are shaping the future of competition, sports and media.”
Skillz has previously hosted a talk at Pocket Gamer Connects San Francisco 2017 on 'mobile eSports 101'. You can watch the video below.
Pocket Gamer Connects returns to London on January 22nd to 23rd, complete with an eSports Academy track.
