Mobile esports platform Skillz has more than doubled its revenue run-rate to $200 milion in nine months.
The company, which was named the fasted growing in America by Inc. Magazine in August last year, grew by over 125% from the first quarter of 2017 to the first quarter of 2018.
"We invented mobile esports in 2012 at a time when the term esports was virtually unknown even in the PC world," said Andrew Paradise, CEO and founder of Skillz. "Today, esports are a multi-billion dollar industry and mobile is the tip of the spear."
Backed by sports giants the New England Patriots, Milwaukee Bucks, New York Mets, and Sacramento Kings, Skillz recently secured a $25 million funding round led by telecommunications companies Telstra and Liberty Global.
Skillz currently hosts over one million tournaments a day, with the average player spending 63 minutes per day on the platform, which is 50% more time than leading platforms such as YouTube, Facebook, and Snapchat.