How Much Did Skillz Raise? Headquarters, Funding & Key Investors

Skillz has raised $54.3 million across several rounds, beginning with a $5.5 million Series A in 2013, followed by a $15.1 million Series B in 2015, and multiple debt rounds totaling over $42 million between 2015 and 2019. The company expanded further with a $16.4M Series C (2017), $23.2M Series D (2018), and another $25M Series D in 2019 led by WestCap. Post-IPO, Skillz secured a significant $159M equity raise in 2020 from Fidelity, Wellington, and Neuberger Berman. These rounds brought its total funding to $54.3M pre-IPO, strengthening its mobile eSports platform.

How Much Did Skillz Raise? Funding & Key Investors

Skillz is a mobile eSports technology platform enabling players to compete in skill-based games for prizes, while offering developers tools to build and monetize competitive gaming titles. The platform ensures fairness through anti-cheat systems, advanced matchmaking, and proprietary competition algorithms.

By hosting millions of tournaments daily and supporting a wide range of mobile game genres, Skillz enables developers to generate revenue and expand their user base. The company continues to grow its presence in mobile competitive gaming and digital sports entertainment.

What Is Skillz and What Does It Do?

Skillz, founded in 2012 by Andrew Paradise and Casey Chafkin, is headquartered in Las Vegas, United States. The company operates a competitive mobile gaming platform that enables players to participate in skill-based tournaments for cash and prizes while providing monetization tools for game developers.

Skillz’s proprietary technology ensures fair gameplay, robust anti-cheat measures, and community-driven engagement.

With 97 employees as of December 2023, Skillz continues to expand its presence in the global mobile eSports ecosystem.

How Much Funding Has Skillz Raised?

1. Series A

Amount Raised: $5.5M
Date: June 2013
Motivation: To support initial platform development and early business growth.

2. Series B

Amount Raised: $15.1M
Date: September 2015
Motivation: To enhance the platform and accelerate user acquisition.

3. Debt Financing

Amount Raised: $3M
Date: September 2015
Motivation: To provide working capital for operations.

4. Series C

Amount Raised: $16.4M
Date: December 2017
Lead Investors: Titanium Ventures
Motivation: To roll out new features and strengthen platform technology.

5. Debt Financing

Amount Raised: $8.6M
Date: December 2017
Motivation: To add operational liquidity and support expansion.

6. Series D

Amount Raised: $23.2M
Date: October 2018
Motivation: To accelerate developer partnerships and user growth.

7. Debt Financing

Amount Raised: $31M
Date: February 2019
Motivation: To enhance financial flexibility and support scaling.

8. Series D

Amount Raised: $25M
Date: August 2019
Lead Investors: WestCap
Motivation: To support overall expansion and new initiatives.

9. Post-IPO Equity

Amount Raised: $159M
Date: December 2020
Lead Investors: Fidelity, Neuberger Berman, Wellington Management
Motivation: To fund growth initiatives and expand platform capabilities.

Total Funding Raised: $54.3 Million

Latest Funding Date: December 2020

Key Investors

1. Liberty Global

Details: A major telecommunications and media company operating across Europe, Latin America, and the Caribbean.
Investment Focus Areas: Telecommunications, media, technology.
Notable Investments: Plume, AtlasEdge, Arrcus, Ardent.

2. Telstra

Details: Australia’s largest telecommunications and media company, operating internationally.
Investment Focus Areas: Telecommunications, digital services, technology.
Notable Investments: Ooyala, Pandion, Nginx..

Where Is Skillz’s Headquarters?

Skillz is headquartered in Las Vegas, Nevada, a growing hotspot for digital entertainment, eSports innovation, and interactive gaming technologies. The location supports its expansion in competitive mobile games and digital sports platforms.

What’s Next for Skillz?

Skillz plans to strengthen its eSports ecosystem through new developer partnerships, improved gamification features, and expanded player engagement tools. With innovations such as multi-app chat, eSports ticker, and enhanced matchmaking, the company aims to scale its global player community. Growing interest in mobile eSports positions Skillz to further accelerate adoption and expand competitive gaming worldwide.

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