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
*********
- 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
Employee Count
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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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $12.0M
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First Round
First Round
(24 Aug 2015)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2020 | Amount | Series A - Challengermode | Valuation | Electronic World Trade Platform | |
| Feb, 2017 | Amount | Seed - Challengermode | Valuation |
investors |
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| Aug, 2016 | Amount | Seed - Challengermode | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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M&A and strategic advisory firm
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Online service for domain name reservation and sales, featuring priced listings and WhatsApp contact.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Challengermode
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Challengermode
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Challengermode Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
eSports platform for skill showcasing and tournament hosting.
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| domain | founded_year | HQ Location |
Esports tournaments are organized and broadcasted by the company.
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| domain | founded_year | HQ Location |
Esports tournaments are hosted on an online platform for users.
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| domain | founded_year | HQ Location |
App-based platform offering esports tournaments
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| domain | founded_year | HQ Location |
Real money gaming is enabled through private leagues and tournaments.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Challengermode
Frequently Asked Questions about Challengermode
When was Challengermode founded?
Challengermode was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Challengermode located?
Challengermode is headquartered in Stockholm, Sweden.
Who is the current CEO of Challengermode?
Robel Efrem is the current CEO of Challengermode. They have also founded this company.
Is Challengermode a funded company?
Challengermode is a funded company, having raised a total of $14M across 4 funding rounds to date.
What is the annual revenue of Challengermode?
Annual revenue of Challengermode is $2.59M as on Mar 31, 2024.
What does Challengermode do?
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.
Who are the top competitors of Challengermode?
Challengermode's top competitors include Faceit, MLG and Community Gaming.
Who are Challengermode's investors?
Challengermode has 5 investors. Key investors include Telia Company, GP Bullhound, Electronic World Trade Platform, BlackCapital, and Zlatan Ibrahimovic.
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