Skillz hosts billions of casual esports tournaments for millions of mobile players worldwide.
[5] The company is headquartered in Las Vegas and has offices in San Mateo, Seattle, Vancouver and Los Angeles.
Skillz was founded in 2012 by Andrew Paradise and Casey Chafkin in Boston,[6][7] though the company's headquarters is now located in Las Vegas.
[8] Through different rounds of funding, Skillz has raised $53 million from venture capitalists including Liberty Global, Telstra, Accomplice, Wildcat Capital, as well as the owners of the New England Patriots, Milwaukee Bucks, New York Mets, and Sacramento Kings.
[3] On a daily basis, Skillz runs two million tournaments per day for games such as Solitaire Cube, Bubble Shooter, and Dominoes.
[21] In March 2018, Skillz signed a partnership with breast cancer organization Susan G. Komen to host a special charity tournament.
[39][40] In October 2019, the company together with the American Red Cross launched a fundraising tournament to help 200,000 victims of the California wildfires and raised $40,000.
[41][42][43] In June 2020, Skillz hosted "Gaming for Good" tournaments to raise money for NAACP Empowerment Programs and used in the charity's mission to get equal rights and put a stop to racism.
[44] In July of the same year, the company partnered with Comic Relief US to host fundraising tournaments for Red Nose Day.
The campaign held for three weeks starting March 20 and spotlighted three former NCAA coaching legends: Jim Calhoun, Bobby Cremins from the College of Charleston, Georgia Tech and Appalachian State, and Lon Kruger.
[47] In 2015, Skillz secured $15 million in a Series B funding round led by David Bonderman's TPG Growth.
This funding round values Skillz at $3.5 billion and provides significant capital for the company to fuel its growth, invest in technology infrastructure, and explore new business opportunities.
The merger results in Skillz becoming a publicly traded company listed on the New York Stock Exchange (NYSE) under the ticker symbol "SKLZ".
The transaction raised approximately $849 million in gross proceeds, providing additional capital for Skillz's operations and expansion plans.