AviaGames: A Deep Dive into the Mobile Esports Platform
AviaGames, a name that has been making waves in the mobile esports scene, has recently secured a substantial $40 million funding round. This article delves into the various aspects of AviaGames, from its unique business model to its challenges and growth prospects.
Business Model and Growth
AviaGames, founded in 2016 by a team of experienced mobile game industry professionals, has a unique business model that focuses on providing players with cash rewards for competing in various games. The platform, Pocket7Gaming, offers a diverse range of games, including chess, puzzle, action, card, math, and brain teasers. It connects players through a unified membership and wallet system, allowing them to earn real money while playing.
Since its launch in 2019, AviaGames has experienced significant growth. The platform has over 10 games and has managed to attract a large user base. The company has also developed a dedicated app for its player community, which has helped in fostering a strong sense of community among its users.
Funding and Expansion
AviaGames has raised a total of $50 million in funding to date. The latest $40 million round was led by ACME Capital, Washington Harbour Partners, and Powerhouse Capital, with participation from existing investors like Markers Fund and Galaxy Interactive. This funding will be used to acquire more users, develop new games for the platform, expand the team, and establish a global presence.
AviaGames has a strong presence in the United States, but it is also looking to expand into other markets. The company currently has over 90 employees and is actively hiring engineers and data scientists 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 global nature of the mobile gaming industry.
Challenges and Controversies
Despite its success, AviaGames has faced some challenges and controversies. One of the most notable controversies was the lawsuit filed by Skillz, a competitor in the mobile esports space. Skillz accused AviaGames of infringing on its patents and copying its games. The lawsuit resulted in a $42.9 million judgment against AviaGames, which was later settled out of court.
Another controversy involved allegations of game manipulation. AviaGames faced a class-action lawsuit for allegedly manipulating games to benefit certain players. The company denied these allegations and is currently facing legal challenges in the United States.
Future Prospects
Despite the challenges and controversies, AviaGames remains a significant player in the mobile esports space. The company’s unique business model and strong user base give it a competitive edge in the market. With its recent funding round, AviaGames is well-positioned to continue its growth and expansion efforts.
As the mobile gaming industry continues to evolve, AviaGames is likely to face new challenges and opportunities. However, the company’s commitment to providing players with real money rewards and a diverse range of games positions it for long-term success.
| Year | Funding Amount | Investors |
|---|---|---|
| 2016 | $10 million | Unknown |
| 2019 | $20 million | Unknown |
| 2021 | $40 million | ACME Capital, Washington Harbour Partners, Powerhouse Capital, Markers Fund, Galaxy Interactive |
In conclusion, AviaGames is a company that has made a significant impact in the mobile esports space. Its unique business model, strong user base, and recent funding round position it for continued growth and success. As the mobile gaming industry continues to evolve, AviaGames will undoubtedly face new challenges and opportunities, but its commitment to providing players with real money rewards and a diverse range of games makes it a company to watch.
