About Skillz
Skillz is a company based in Las Vegas (United States) founded in 2012 by Andrew Paradise and Casey Chafkin. It operates as a SaaS (Software-as-a-Service), and Commission-Based. Skillz has raised $54.3 million across 9 funding rounds from investors including Fidelity Investments, Liberty Global and Franklin Templeton. Skillz has completed 1 acquisition, including Aarki. Skillz offers products and services including Skillz Platform, Blackout Bingo, and Dominoes Gold. Skillz operates in a competitive market with competitors including MPL, Zupee, Blast, Baazi Games and GameTaco, among others.
- Headquarter Las Vegas, United States
- Founders Andrew Paradise, Casey Chafkin
- Stage Public
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Skillz Inc.
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Annual Revenue
$95.47 M-37.23as on Dec 31, 2024
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Net Profit
$-48.23 M52.42as on Dec 31, 2024
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EBITDA
$-92.78 M12.03as on Dec 31, 2024
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Total Equity Funding
$54.3 M (USD)
in 9 rounds
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Latest Funding Round
$159 M (USD), Post-IPO
Sep 02, 2020
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Investors
Fidelity Investments
& 17 more
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Employee Count
Employee Count
- Investments & Acquisitions
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IPO & Listings of Skillz
Skillz is a publicly listed company on the NYSE with ticker symbol SKLZ in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Skillz
Skillz offers a comprehensive portfolio of products and services, including Skillz Platform, Blackout Bingo, and Dominoes Gold. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A platform for competitive mobile gaming is provided.
A competitive bingo game for players is offered.
A dominoes game with competitive play is featured.
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Funding Insights of Skillz
Skillz has successfully raised a total of $54.3M across 9 strategic funding rounds. The most recent funding activity was a Post-IPO round of $159 million completed in September 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Post-IPO — $159.0M
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First Round
First Round
(16 Nov 2012)
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2020 | Amount | Post-IPO - Skillz | Valuation |
investors |
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| Nov, 2019 | Amount | Series C - Skillz | Valuation | NFL |
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| Jun, 2018 | Amount | Series C - Skillz | Valuation | PROOF |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Skillz
Skillz has secured backing from 18 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Fidelity Investments, Liberty Global and Franklin Templeton. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Secondary market fund focused on LP and direct secondary transactions
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Founded Year | Domain | Location | |
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Early-stage technology companies are funded by this venture capital firm.
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Founded Year | Domain | Location | |
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Accomplice is engaged in venture capital investments for startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Skillz
Skillz has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Aarki. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Platform for creative optimization and programmatic media buying is provided.
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Skillz
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Skillz Comparisons
Competitors of Skillz
Skillz operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MPL, Zupee, Blast, Baazi Games and GameTaco, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Real money skill-based gaming is facilitated through an online platform.
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| domain | founded_year | HQ Location |
Operator of an online platform providing free-to-play digital versions of games
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| domain | founded_year | HQ Location |
Gamification company
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| domain | founded_year | HQ Location |
Provider of online platforms for poker, sports gaming, and card games
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| domain | founded_year | HQ Location |
Real money esports tournaments are enabled across various gaming devices.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Skillz
Frequently Asked Questions about Skillz
When was Skillz founded?
Skillz was founded in 2012.
Where is Skillz located?
Skillz is headquartered in Las Vegas, United States. It is registered at Las Vegas, Nevada, United States.
Who is the current CEO of Skillz?
Andrew Paradise is the current CEO of Skillz. They have also founded this company.
Is Skillz a funded company?
Skillz is a funded company, having raised a total of $54.3M across 9 funding rounds to date.
What is the annual revenue of Skillz?
Annual revenue of Skillz is $95.47M as on Dec 31, 2024.
What does Skillz do?
Skillz is established as a prominent mobile gaming platform connecting players and developers through competitive play. The platform is designed to offer fair, skill-based competitions where players can win real money and prizes. It supports a variety of games across different genres, ensuring evenly matched contests. Developers are empowered to build and monetize games on the platform, benefiting from a revenue-sharing model. The company operates in the technology and gaming sector, focusing on innovative solutions for casual gamers and game creators.
Who are the top competitors of Skillz?
Skillz's top competitors include MPL, Zupee and Baazi Games.
What products or services does Skillz offer?
Skillz offers Skillz Platform, Blackout Bingo, and Dominoes Gold.
Is Skillz publicly traded?
Yes, Skillz is publicly traded on NYSE under the ticker symbol SKLZ.
How many acquisitions has Skillz made?
Skillz has made 1 acquisition, including Aarki.
Who are Skillz's investors?
Skillz has 18 investors. Key investors include Fidelity Investments, Liberty Global, Franklin Templeton, NFL, and Western Alliance Bank.
What is Skillz's ticker symbol?
The ticker symbol of Skillz is SKLZ on NYSE.
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