Skillz Launches $75 Million Accelerator Program to Support Mobile Game Developers
26 February 2025 - 1:00AM
Business Wire
Skillz Inc. (NYSE: SKLZ) (“Skillz” or the “Company”) announced
today the launch of the Skillz Developer Accelerator, a
strategic initiative designed to grow the monetization of the
mobile gaming ecosystem by empowering game developers with the
financial resources necessary to bring skill-based games to market
and succeed. This groundbreaking program plans to deploy up to $75
million over the next three years, offering developers the working
capital and operational support needed to push the boundaries of
innovation and drive the next generation of online and mobile
gaming competition.
Skillz’s goal is to strategically support at least 25
high-potential games, though the Company remains flexible and open
to more dynamic opportunities, should larger or smaller
opportunities align with the Company’s vision. The Company is
seeking to deploy its financial resources and operational expertise
to support games that are easy to learn but have high competitive
potential, strong retention, monetization, or live-ops strategies,
and a working prototype or demo (preferred, but not required).
"Real-money, skill-based gaming is one of the fastest-growing
mobile genres in terms of player lifetime value," Skillz CEO
Andrew Paradise said. "The goal of the Skillz Developer
Accelerator is to reinforce our commitment to driving value for
developers and players while scaling the future of the skill-based
gaming industry on the Skillz platform, creating long-term revenue
opportunities for developers and the Company.”
The Skillz Developer Accelerator provides developers with
tools and resources needed to bring their games to life. In
addition to working capital , developers selected by the Company
will be provided with access to Skillz’s internal team of experts,
a proprietary software development kit (SDK) and data tools, as
well as user acquisition, technical and operational support.
To apply directly for the program, developers should visit
Skillz.com/developeraccelerator. Developers will be asked to
provide background on their team and project, a demo or pitch deck
of their game(s), and a project plan for the game development as
well as an ongoing plan for post-launch support.
About the Skillz Developer Accelerator
Pursuant to the Skillz Developer Accelerator program, Skillz
intends to allocate up to $75 million of cash on hand to
strategically support the development of new skill-based games over
the next three years, as well as for the promotion and marketing of
such games. Skillz management will exercise its discretion on a
case-by-case basis in determining whether and to what extent to
support particular games.
About Skillz Inc.
Skillz is a leading mobile games platform dedicated to bringing
out the best in everyone through competition. The Skillz platform
offers developers the potential to create multi-million dollar
franchises by enabling social competition in their games.
Leveraging its patented technology, Skillz hosts billions of casual
eSports tournaments for millions of mobile players worldwide, with
the goal of building the home of competition for all. Skillz has
earned recognition as one of Fast Company’s Best Workplaces for
Innovators, CNBC’s Disruptor 50, Forbes’ Next Billion-Dollar
Startups, Fast Company’s Most Innovative Companies, and the
number-one fastest-growing company in America on the Inc. 5000.
Please visit www.skillz.com to learn more about the Company.
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of the “safe harbor” provisions of the United States
Private Securities Litigation Reform Act of 1995. Words such as
“expect,” “estimate,” “project,” “budget,” “forecast,”
“anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,”
“believes,” “predicts,” “potential,” “continue,” and similar
expressions (or the negative versions of such words or expressions)
are intended to identify such forward-looking statements. The
Company’s actual results may differ from its expectations,
estimates, and projections and, consequently, you should not rely
on these forward-looking statements as predictions of future
events.
These forward-looking statements involve significant risks and
uncertainties that could cause actual events to differ materially
from those discussed in the forward-looking statements. Most of
these factors are outside of the Company’s control and are
difficult to predict. Factors that may cause such differences
include, but are not limited to, the ability of Skillz to:
effectively compete in the global entertainment and gaming
industries; attract and retain successful relationships with the
third party developers who develop and update the games hosted on
Skillz’ platform; drive brand awareness with end users; invest in
growth and development of employees; comply with laws, regulations
and expectations applicable to its business, including with respect
to cybersecurity and corporate governance matters; mitigate the
commercial, reputational and regulatory risks to our business;
remediate during fiscal year 2025 certain non- fully remediated
material weaknesses in our internal controls over financial
reporting. Additional factors that may cause such differences
include other risks and uncertainties indicated from time to time
in the Company’s SEC filings, including those under “Risk Factors”
therein, which are available on the SEC’s website at www.sec.gov.
Additional information will be made available in other filings that
the Company makes from time to time with the SEC. In addition, any
forward-looking statements contained in this press release are
based on assumptions that the Company believes to be reasonable as
of this date. The Company undertakes no obligation to update any
forward-looking statements to reflect events or circumstances after
the date of this press release or to reflect new information or the
occurrence of unanticipated events, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20250225583017/en/
Media Contact: Seth Medvin, Head of Communications
smedvin@skillz.com comms@skillz.com Investors Contact:
ir@skillz.com or James Leahy, Richard Land JCIR (212) 835-8500 or
sklz@jcir.com
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