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 potential.
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, with over 90 employees and a strong presence outside the United States. The company has been actively hiring engineers and data scientists, aiming to reach a team size of 130 by the end of the year. Most of the research and development work is conducted in China, where the company has already raised $50 million in funding.
Funding and Expansion
The recent $40 million funding round was led by ACME Capital, Washington Harbour Partners, and Powerhouse Capital, with participation from existing investors such as Markers Fund and Galaxy Interactive. The funds will be used to acquire users, develop new games for the platform, expand the team, and establish a global presence. Hany Nada, co-founder of ACME Capital, has joined AviaGames’ board of directors as part of the deal.
AviaGames has already achieved impressive milestones, with the Pocket7Gaming platform available on iOS and Android devices, and partnerships with Samsung’s smartphones. The company is also exploring opportunities on Google Play, despite facing challenges in certain markets.
Challenges and Controversies
Despite its success, AviaGames has faced its fair share of challenges and controversies. One of the most notable controversies involved a lawsuit filed by Skillz, a competitor in the mobile esports space. Skillz accused AviaGames of infringing on its patents and copying its game technology. The lawsuit resulted in a $42.9 million judgment against AviaGames, which the company is appealing.
Another controversy arose when AviaGames was sued for allegedly manipulating games. The company denied the allegations and faced a class-action lawsuit in New Jersey. These legal challenges highlight the complexities of intellectual property and copyright issues in the fast-growing mobile gaming industry.
Future Prospects
Despite the challenges, AviaGames remains optimistic about its future. The company is committed to expanding its user base, developing new games, and establishing a strong global presence. With a strong team, a unique business model, and a passion for esports, AviaGames is well-positioned to continue its growth trajectory.
As the mobile esports industry continues to grow, AviaGames is poised to play a significant role in shaping its future. With its innovative approach to rewarding players and its commitment to providing a fair and enjoyable experience, AviaGames is a company to watch.
| Year | Number of Employees | Revenue |
|---|---|---|
| 2016 | 10 | $1 million |
| 2019 | 50 | $10 million |
| 2021 | 90 | $50 million |
AviaGames has come a long way since its inception, and its future looks promising. With its unique business model, strong team, and commitment to innovation, AviaGames is poised to become a leading player in the mobile esports industry.
