About Challengermode
Challengermode is a company based in Stockholm (Sweden) founded in 2014 by Philip Skogsberg and Robel Efrem. Challengermode has raised $14 million across 4 funding rounds from investors including Telia Company, GP Bullhound and Electronic World Trade Platform. Challengermode operates in a competitive market with competitors including Faceit, MLG, Community Gaming, Gamercraft and Mission Control, among others.
- Headquarter Stockholm, Sweden
- Founders Philip Skogsberg, Robel Efrem
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Sectors
Media & Entertainment
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Phone
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Website
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Social
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- Legal Name Challengermode Ab
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Annual Revenue
$2.59 M (USD)12as on Mar 31, 2024
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Net Profit
-$3.39 M (USD)44as on Mar 31, 2024
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EBITDA
-$3.39 M (USD)44as on Mar 31, 2024
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Total Equity Funding
$14 M (USD)
in 4 rounds
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Latest Funding Round
$12 M (USD), Series A
Aug 26, 2020
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Investors
Telia Company
& 4 more
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Employee Count
Not available
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People of Challengermode
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Funding Insights of Challengermode
Challengermode has successfully raised a total of $14M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $12 million completed in August 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Challengermode
Challengermode has secured backing from 5 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Telia Company, GP Bullhound and Electronic World Trade Platform.
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M&A and strategic advisory firm
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Online service for domain name reservation and sales, featuring priced listings and WhatsApp contact.
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Investor details for Challengermode
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Investments & Acquisitions by Challengermode
Investment portfolio details for Challengermode
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Financial Statements - Challengermode
Detailed financials for Challengermode
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Challengermode Comparisons
Peer comparison for Challengermode
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Competitors of Challengermode
Challengermode operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Faceit, MLG, Community Gaming, Gamercraft and Mission Control, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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eSports platform for skill showcasing and tournament hosting.
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Esports tournaments are organized and broadcasted by the company.
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Esports tournaments are hosted on an online platform for users.
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App-based platform offering esports tournaments
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Real money gaming is enabled through private leagues and tournaments.
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Detailed competitors of Challengermode
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Latest news on Challengermode
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Frequently Asked Questions about Challengermode
Challengermode was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Challengermode is headquartered in Stockholm, Sweden.
Robel Efrem is the current CEO of Challengermode. They have also founded this company.
Challengermode is a funded company, having raised a total of $14M across 4 funding rounds to date.
Annual revenue of Challengermode is $2.59M as on Mar 31, 2024.
Founded in 2014 in Stockholm, Sweden, Challengermode operates in the esports sector by offering infrastructure for tournaments and competitions. Game integrations are utilized to automate operations, enabling participation across devices and consoles in League of Legends and Counter-Strike: Global Offensive. Solo and team matches are supported in free-to-play and pay-to-play formats, with monetization options for organizers. Visa and MasterCard facilitate transactions, while real-time chat is included for community interaction.
Challengermode's top competitors include Faceit, MLG and Community Gaming.
Challengermode has 5 investors. Key investors include Telia Company, GP Bullhound, Electronic World Trade Platform, BlackCapital, and Zlatan Ibrahimovic.