Skillz invests 50 Million Dollars into Hamburg-based Exit Games

August 4, 2021

Skillz invests 50 Million Dollars into Hamburg-based Exit Games

Mobile games company Skillz is investing $50 million for a minority stake in the Hamburg-based company Exit Games.

Hamburg-based Exit Games has entered into a strategic partnership with Skillz, one of the leading multiplayer competition platforms for mobile games. Skillz is investing $50 million for a minority stake in Exit Games.

Exit Games, founded in 2004, is the developer of Photon, an independent networking engine and multiplayer platform that enables indie studios and AAA productions to create and host real-time, synchronous multiplayer games for multiple gaming platforms. More than 579.000 developers and studios use Photon to create games and applications for their real-time experiences, among others Square Enix, Electronic Arts or Ubisoft.

"We'll work together to bring our multiplayer technology Photon to the hugely popular skill-based gaming space. It also means that Skillz can enter into Realtime Multiplayer genres.
I am super proud of our team and the milestone we achieved. We can now invest even more in delivering market-leading multiplayer technology to developers and studios, both large and small. Most importantly, absolutely nothing will change as far as the customer experience is concerned as we remain an independent company, determining our future." says Christof Wegmann, Founder & CTO of Exit Games.

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August 4, 2021