AviaGames Inc: A Deep Dive into the Mobile Esports Platform
AviaGames Inc., a name that has been making waves in the mobile esports industry, has recently secured a substantial $40 million funding round. This article delves into the various dimensions of AviaGames Inc., providing you with an in-depth look at its journey, business model, and future prospects.
History and Growth
Established in 2016, AviaGames Inc. was founded by a team of seasoned mobile game industry professionals, including Vickie Chen, who previously held a position in the North American publishing business of ChangYou. The company initially had plans to distribute domestic games in North America but later shifted its focus to the mobile esports space.
In 2019, AviaGames Inc. launched its game platform, Pocket7Gaming, with the aim of creating a global top-tier gaming esports platform that is easy to play and offers cash rewards for players. The platform boasts over a dozen games, including chess, puzzle, action, card, math, and brain-teasing games. It also features a unified membership and wallet system, allowing players to enjoy a variety of gameplay experiences.
Funding and Expansion
AviaGames Inc. has raised a total of $50 million in funding to date, with the latest round of $40 million coming from ACME Capital, Washington Harbour Partners, and Powerhouse Capital. Existing investors, including Markers Fund and Galaxy Interactive, also participated in this round. The new funding will be used to acquire users, develop new games for the platform, expand the team, and establish a global presence.
AviaGames Inc. currently has over 90 employees and is expanding rapidly outside of the United States. The company is actively hiring engineers and data scientists and aims to reach a team size of 130 by the end of the year. Most of the company’s research and development efforts are based in China, reflecting the company’s commitment to innovation and growth.
Business Model and Unique Features
AviaGames Inc.’s business model revolves around offering players the opportunity to compete with others and win cash rewards. The platform is designed to be accessible to all players, regardless of their skill level. This unique approach has helped the company attract a large and diverse user base.
One of the standout features of AviaGames Inc. is its unified membership and wallet system. This system allows players to seamlessly transition between different games and earn rewards in a single wallet. Additionally, the platform offers a variety of gameplay options, catering to players with different interests and preferences.
Legal Challenges and Future Prospects
Despite its rapid growth and success, AviaGames Inc. has faced some legal challenges. In April 2024, the company was accused of patent infringement by Skillz, another mobile esports platform. According to court documents, AviaGames Inc. was found guilty of infringing on Skillz’s patents and was ordered to pay nearly $4.29 million in damages. However, the company has denied the allegations and is appealing the decision.
Despite the legal challenges, AviaGames Inc. remains optimistic about its future prospects. The company is committed to innovation and continues to develop new games and features for its platform. With a strong team, a unique business model, and a growing user base, AviaGames Inc. is well-positioned to become a leading player in the mobile esports industry.
Table: AviaGames Inc. Funding Rounds
| Round | Amount | Date | Investors |
|---|---|---|---|
| Seed | $1 million | 2016 | NEW CODE |
| Around | $10 million | 2017 | Markers Fund, Galaxy Interactive |
| B | $20 million | 2018 | ACME Capital, Washington Harbour Partners |
| C | $40 million | 2021 | ACME Capital, Washington Harbour Partners, Powerhouse Capital, Markers Fund, Galaxy Interactive |
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