FIRY sells Exit Games stake for $55m in cash

• The corporate obtained $55m in money from the sale.
• The sale represents a realised return of round 1.1x the unique funding.
• Exit Video games develops Photon multiplayer networking know-how.

FIRY has offered its whole 10.5% stake in Exit Video games for $55 million in money, finishing its exit from the Hamburg-based developer of Photon multiplayer networking know-how.

The transaction closed on October 2nd 2026, with FIRY receiving the total proceeds. The corporate initially invested $50m in Exit Video games in July 2021 below its former title, Skillz Inc.

FIRY stated the sale represents a totally realised money return of round 1.1x its unique funding. 

Money return

CEO and founder Andrew Paradise added that the corporate is exiting in money and above its buy value, giving FIRY extra flexibility for its different companies.

“Exit Video games’ administration has constructed a fantastic enterprise round Photon, and we’re rooting for them,” stated Paradise. “We invested in Exit Video games in 2021, at what turned out to be the peak of the enterprise market during the last decade. 

“5 years later, the common 2021-vintage fund has distributed 5 cents on the greenback, and most of that classic continues to be sitting in illiquid marks. We’re exiting in money and above our buy value. Money again on the stability sheet offers FIRY optionality in our different endeavours.”

Exit Video games administration has constructed its enterprise round Photon, which offers multiplayer networking know-how for video games throughout main engines and platforms. The corporate stated Photon is utilized by hundreds of video games, together with Stumble Guys.