Skillz announced today it’s going public through a quick initial public offering process, raising an estimated $849 million in cash from investors at a $3.5 billion pre-money valuation. This valuation is 6.3 times the company’s projected revenue for 2022.
The San Francisco startup launched in 2012 with a simple proposition and stuck to it, said Skillz CEO Andrew Paradise in an interview with GamesBeat. Skillz provides a platform to turn any mobile game on iOS and Android into one you can play with friends or strangers for cash, prizes, or points. And it enables esports tournaments for games that integrate its platform.
GamesBeat