Duelit

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Duelit

Online platform hosting skill-based cash tournaments

Website

Overview

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About Duelit

Simplify's Rating
Why Duelit is rated
C-
Rated C on Competitive Edge
Rated C on Growth Potential
Rated D+ on Differentiation

Industries

Consumer Software

Entertainment

Gaming

Company Size

1-10

Company Stage

Seed

Total Funding

$1.8M

Headquarters

null

Founded

2015

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Simplify's Take

What believers are saying

  • The App Store shows updates through May 2026, signaling continued product maintenance.
  • The website updated July 2026, implying the business still operates actively.
  • PitchBook lists Duelit as generating revenue, not just pre-launch experimentation.

What critics are saying

  • Duelit has only 11-12 employees, limiting product, compliance, and growth capacity.
  • Real-money gaming faces App Store, payment, and gambling-law scrutiny across jurisdictions.
  • A single-angel seed and $1 million total funding leave runway and scale exposed.

What makes Duelit unique

  • Duelit still sells cash-out skill gaming on iOS and web in 2026.
  • The app emphasizes short, social mini-games and tournaments, not long-form play.
  • Play & Earn, Inc. d/b/a Duelit keeps a Miami HQ and direct support channel.

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Funding

Total Funding

$1.8M

Below

Industry Average

Funded Over

4 Rounds

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.
Seed Funding Comparison
Below Average

Industry standards

$3.3M
$1.5M
Slack
$2M
Netflix
$2.3M
Instacart
$3M
Robinhood

Benefits

Remote Work Options

Company News

Play & Earn, Inc.
Jun 6th, 2023
2023 Winter eSports Leaders: Who Won Big?

That’s why Duelit is excited to announce its 2023 Winter eSports Leaders – Genesis 9 winners in Super Smash Bros.

Play & Earn, Inc.
Jul 21st, 2022
Duelit has raised $1M in funding in their latest Seed Round - Duelit

Duelit, the mobile eSports platform Miami, Florida / July 7, 2022 – Duelit today announces their new fundraising round of $1,000,000 dollars. The funds will be used to grow the team and further develop the platform. Duelit is the leading mobile eSports platform that allows users to bet on themselves and earn money by playing games […]

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