Patriots' Kraft, Bucks' Lasry Invest in Video Gaming Startup

  • Skillz provides technology for mobile eSports competitions
  • Investors are pumping in $15 million to expand the business

The owners of the New England Patriots and the Milwaukee Bucks are joining forces to invest in Skillz, a startup that builds technology for mobile video gaming competitions known as eSports.

Along with David Bonderman’s Wildcat Capital Management, Patriots owner Kraft Group and Bucks co-owner Marc Lasry are investing $15 million, according to Skillz, which says it has added more than four million players in the past year for a total of over six million.

More than 500 live games, including Diamond Strike, Mini Golf Stars and Big Buck Hunter Pro Tournament Edition, use Skillz technology.

Skillz said it has raised more than $28 million, which will be used to market its technology and expand the business.

Turner Broadcasting System Inc. and WME/IMG on Wednesday said they were teaming to create an eSports league.

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