Skrmiish South African Gaming Startup Raises $2.5m Seed Round to Accelerate Growth

A US$2.5 million seed round has been raised by the Cape Town-based Skrmiish, a mobile “play-to-earn” software that allows players of all skill levels to earn money in every match they play across the AAA+ games they like.

MoneyMatch, a feature created by Skrmiish and released in 2021, enables users to earn real money in every match they participate in without having to wait for a tournament or locate a peer to challenge them.

MoneyMatch blends a conventional sportsbook method with conventional AAA+ game play and offers it live throughout the UK and Europe. After syncing Skrmiish with their game accounts, players receive their MoneyMatch Rating (MMR), which is based on their performance data.

The firm is now closing its US$2.5 million seed round to support it in building on its global player base of over 100,000 gamers across more than 100 jurisdictions. Skrmiish will be able to use the seed financing to launch in North and Latin America, increase monthly income, integrate more game franchises, and release its Skrmiish coin. In order to strengthen the already talented staff and keep moving the business ahead, it will also try to add a few essential experienced individuals.

Launch Africa Ventures, the Blockchain Founders Fund, and Stellar are the investors in the round that have so far been officially confirmed. The Skrmiish CEO, Luke Grob, claimed that these alliances will hasten the team’s implementation of the Skrmiish economic value system and help create a play-to-earn model for the vast majority of gamers worldwide.

Every gamer in the world would be able to win every match they play within the games they already like thanks to Skrmiish, he claimed.

This democratizes the competitive esports and blockchain-based gaming businesses and revolutionizes how easily anyone may make money while playing video games. We’re thrilled to introduce the new MoneyMatch feature across a number of games, bringing casual gaming to a whole new level of excitement that we think will please players everywhere.

The median age of the African population is 18, compared to 42 in Europe, 35 in North America, and 31 in Asia, according to Zachariah George, managing partner of Launch Africa Ventures, and this presents a significant opportunity for entrepreneurs in the content and gaming industries.

By 2030, young Africans will be the top consumers and content producers in the competitive video game industry thanks to a combination of having the world’s fastest-growing youth population and an exponential increase in digital skills transfer and connectivity among the youth. The Skrmiish team is in a good position to take advantage of the enormous market for skill-based games, where we can finally witness the actual “democratization” and monetization of youthful gaming talent, according to George.