We’ve raised a new funding round
Challengermode secures $12 million investment round to accelerate growth and product development.
We’re excited to announce that we’ve raised a new funding round led by eWTP Innovation Fund, the global investment arm of the Alibaba Group, with other investors including Telia Ventures, and Swedish soccer legend Zlatan Ibrahimovic.
The investment will make it possible for us to double down on our mission to make esports truly accessible for regular players and tournament organizers while enabling further international expansion and product development.
“We are very excited to close this new financing round with the support of a strong set of investors who share our vision for esports. With the additional backing, we’re able to double down on our core mission of delivering the best competitive gaming experience to each and everyone’s home, in any game.”
- Robel Efrem, co-founder and CEO of Challengermode.
The goal is to focus on enabling a growing number of brands, content creators, game developers, and professional tournament organizers to reach, engage, and monetize their target audiences through esports. Further product development will enable us to make the competitive gaming experience as seamless as possible, by offering ways for game developers to access our technology and our growing network of tournament organizers.
We’re also officially bringing Challengermode to North America which will enable us to work more closely with local tournament organizers and game developers.
“Our promise to the esports industry is that we will — regardless of personal ability or experience — provide a platform that enables anyone to participate in esports. That means going beyond just making tournaments easy to host to providing the platform that enables fun and inclusive communities to thrive and new esports businesses to emerge”.
Official press release: https://www.mynewsdesk.com/se/challengermode/pressreleases/challengermode-secures-12-dollars-million-investment-in-raise-led-by-ewtp-innovation-fund-3029107
