Skrmiish, a Cape Town-based mobile “play-to-earn” gaming software that allows gamers of all skill levels to earn cash in every match they play across the AAA+ games they enjoy, has received a US$2.5 million seed round to accelerate its global expansion.
So far, investors in the round have included Launch Africa Ventures, the Blockchain Founders Fund, and Stellar. Skrmiish CEO Luke Grob stated that these collaborations would help the team execute the Skrmiish economic value system and establish a play-to-earn structure for the majority of the world’s gamers.
“Skrmiish will enable every gamer in the world to earn in every match they play within the games they already love,” Skrmiish CEO Luke Grob said. “This is a revolution in the accessibility to earn while playing games and democratises the competitive esports and blockchain based gaming industries. We’re fired up to launch our new MoneyMatch feature across multiple game titles, taking the casual gamer experience to a new level of excitement that we hope will delight players around the world.”
According to Zachariah George, managing partner at Launch Africa Ventures, the African continent’s youth — the median age of the African population is 18, compared to 42 in Europe, 35 in North America, and 31 in Asia — gave a significant potential to content and game entrepreneurs.
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“A combination of having the world’s fastest growing youth population together with an exponential increase in digital skills transfer and connectivity amongst the youth, puts young Africans in pole position to be both the leading consumers and creators of content in the competitive video gaming world by 2030. The Skrmiish team are well positioned to tap into the huge market for skill-based games where we can finally see the true ‘democratisation’ and monetisation of young gaming talent,” George said.
A Look At What The Startup Does
Skrmiish, which was launched in 2021, has created a feature called MoneyMatch, which allows users to earn real cash in every match they play without having to wait for a tournament or locate a peer to challenge.
MoneyMatch, which is available in the United Kingdom and Europe, mixes a traditional sportsbook strategy with traditional AAA+ game play. After syncing Skrmiish with their game accounts, players receive their MoneyMatch Rating (MMR) based on their performance statistics.
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The firm has already acquired over 100,000 participants in over a hundred jurisdictions around the world, and it is now closing its US$2.5 million seed investment to help it expand. Skrmiish will use the seed financing to expedite scalability by integrating additional game titles, increase monthly income, launch in North and Latin America, and release the Skrmiish token. It will also try to bring on a few experienced key hires to enhance the company’s existing brilliant workforce and propel it ahead.
Skrmiish gaming Skrmiish gaming
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard. You can book a session and speak with him using the link: https://insightsbyexperts.com/view_expert/charles-rapulu-udoh