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Closing Bell

NFL's 32 Equity Investment Arm Acquires Stake In Skillz

The NFL’s investment arm, 32 Equity, has acquired a stake in Skillz, an S.F.-based software company that facilitates competitions between mobile video gamers. NFL Senior VP/Media Business Development Kevin LaForce, who heads up the venture capital fund, said, "We invested in Skillz because we believe the platform is driving the future of mobile entertainment, which is an area the NFL believes is critical to engage our fans in an increasingly connected world." Separately, Skillz added former Airbnb and Blackstone CFO Laurence Tosi to its BOD.

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