Liberty Global Ventures – Liberty Global’s investment arm, has seen the successful public debut of Skillz (NYSE: SKLZ), the leading mobile games platform. Skillz connects players globally in fair, fun and meaningful competition, and helps developers build and monetize their franchises by enabling social competition to increase reach and engagement.
Leveraging its patented technology, Skillz hosts billions of casual esports tournaments for millions of mobile players and distributes millions in prizes each month. Becoming a public company further enables Skillz to accelerate its expansion in the fast-growing mobile gaming market that today includes 2.7 billion gamers and 10 million game developers.
Liberty Global Ventures made its first investment in Skillz in 2017. The company has provided revenue guidance of $225 million for 2020, representing 89% growth year-over-year.
John Gowen, Managing Partner, LG Ventures commented, “We are thrilled for Skillz, its management team, and fellow shareholders. This is an innovative company that shows exceptional potential within the growth trajectory of the mobile gaming industry.”
Gowen added, “We continue to see demonstrated opportunity in gaming as an entertainment category, and with the substantial growth and success we’ve achieved with Skillz, our Ventures group widely views gaming as an important area for ongoing investment.”