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Skillz partners with multiplayer tech company Exit Games, invests $50 million

"Expanding into these new areas will grow our total universe of players..."

Date Type Companies involved Size
August 3rd, 2021 investment Exit Games
Skillz
$50m
Skillz partners with multiplayer tech company Exit Games, invests $50 million

Online multiplayer competition platform Skillz has entered an exclusive partnership with multiplayer technology firm Exit Games.

Founded in 2004, German-based Exit Games is the creator of Photon, a real-time multiplayer technology and cloud service. Photon allows developers to create and host real-time, synchronous multiplayer games and has been used to support over 700,000 applications.

Exit Games has close to 600,000 partners including EA, Square Enix and Ubisoft. Photon boasts over 24 million daily average users and in excess of 480 million monthly users.

On top of this, Skillz has invested $50 million for a minority stake in Exit Games, while Skillz CEO Andrew Paradise will join the Exit Games board as an advisor. The investment in Exit Games will grant Skillz exclusive permanent access to the company’s technology to power its esports tournaments and platform.

"Natural fit"

"Bringing the world’s best synchronous, multiplayer gaming technology to Skillz unlocks tremendous opportunity, greatly accelerating our entry into popular genres like fighting, first-person shooter, and racing," said Skillz founder and CEO Andrew Paradise.

"Expanding into these new areas will grow our total universe of players and allow us to capture an even greater share of their leisure time and spend, while also introducing the technology and infrastructure necessary to attract more of the hottest, most creative developers, publishers, brands, and iconic franchises to our platform."

Exit Games chief technology officer Christof Wegmann added: "This investment is a natural fit. We’re pleased to have Skillz as a long-term partner in bringing synchronous play to our developers and their gaming fans around the world."

Skillz has seen continued growth, generating $230 million in 2020. More recently, it acquired mobile advertising outfit Aarki for $150 million.


Staff Writer

Aaron Orr is a freelance writer for PocketGamer.biz with a lifelong interest and passion for the games industry.

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