Firy sells Exit Games stake back for $55M cash, ~1.1x on its $50M 2021 investment

Skillz Inc.

$55.0M cash sale of 14,708 Exit Games shares, ~10.5% of Exit Games' outstanding capital; closed October 2, 2026, proceeds received in full.
Firy bought the stake for $50M in July 2021 under former name Skillz Inc.; sale is above purchase price at ~1.1x realized.
Company cites 2021-vintage US VC funds' 0.05x average DPI at five years; FIRY's return is ~22x that benchmark (PitchBook, Aug. 6, 2026).
CEO Andrew Paradise: cash back on the balance sheet 'gives FIRY optionality in our other endeavors'; Exit Games is the Hamburg-based developer of Photon networking tech.

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