About Challengermode
Challengermode is a Media & Entertainment company based in Stockholm (Sweden) founded in 2014 by Philip Skogsberg and Robel Efrem. It operates as an esports infrastructure is provided for gamers, organizers, and developers. Challengermode has raised $14 million across 4 funding rounds from investors including Telia Company, GP Bullhound and Electronic World Trade Platform. Its chief executive is Robel Efrem. Its website challengermode.com draws about 682 thousand monthly visits. Its focus areas include Gaming, eSports, eSports Platforms and Competitive Gaming. Its legal entity is Challengermode AB. Its competitors include Faceit, MLG, Community Gaming, Gamercraft and Mission Control and 2 more; 7 of its 7 listed competitors have raised funding.
Company details
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.
- Headquarters Stockholm, Sweden
- Founders Philip Skogsberg, Robel Efrem
- SectorsMedia & Entertainment
- Website category Games · Video Games Consoles and Accessories
- Website challengermode.com
- Social LinkedIn X Facebook
- Legal Name Challengermode Ab
- Annual Revenue$2.59 M (USD)12as on Mar 31, 2024
- Net Profit-$3.39 M (USD)44as on Mar 31, 2024
- EBITDA-$3.39 M (USD)44as on Mar 31, 2024
- Total Equity Funding$14M (USD)
in 4 rounds
- Latest Funding Round$12M (USD), Series A
Aug 2020
- InvestorsTelia Company
& 4 more
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 $14M
- Total Rounds 4
- Last Round Series A — $12M
- First Round $700,000
(Aug 2015)
- Investors Count 5
All 4 funding rounds of Challengermode with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2020 | $12M | Series A | – | Electronic World Trade Platform | |
| Feb 2017 | $1.3M | Seed | – | – | – |
| Aug 2016 | – | Seed | – | – | – |
| Aug 2015 | $700,000 | Seed | – | – | – |
5 investors in total: 4 institutional and 1 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
M&A and strategic advisory firm | 1994 | gpbullhound.com | London, United Kingdom | |
- | – | ewtp.org | - | |
Online service for domain name reservation and sales, featuring priced listings and WhatsApp contact. | 2009 | blackcapital.com | New York, United States | |
Integrated telecom and TV services are offered to Swedish customers. | 1853 | teliacompany.com | Solna, Sweden | |
ZI Zlatan Ibrahimovic | - | – | unknown_3b621821afe1438ba | - |
Investor details for Challengermode
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Challengermode
10 people are tracked at Challengermode (6 in leadership, 4 in team).
| Name | Role | Group |
|---|---|---|
Philip Skogsberg | Co-Founder & COO | Leadership |
Robel Efrem | Co-Founder & CEO | Leadership |
Christopher Teljstedt | Chief Product Officer | Leadership |
Daniel Magne | Partner Success Manager / League Operations Manager | Leadership |
Rickard Larsson | Partner & Head of Design | Leadership |
Patrik Jackiewicz | Head of Partnerships | Leadership |
Pierre-Anthony Hubert | Program Manager | Team |
Juan Pablo Morales | Business Development & Partnerships Lead LATAM | Team |
Fredrik Laason | Software Developer | Team |
Philip Hübner | Advisor | Team |
Complete people profiles for Challengermode
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Timeline of Challengermode
3 dated milestones of Challengermode across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Challengermode is founded.
- Funding First funding round of $700K.
- Funding Latest funding round, Series A, of $12.0M.
Competitors of Challengermode
Challengermode has 7 listed competitors in our database, 7 of them funded. They include Faceit, MLG, Community Gaming, Gamercraft and Mission Control, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| faceit.com | 2012 | London, United Kingdom | $17M | 89 | eSports platform for skill showcasing and tournament hosting. | |
| mlg.com | 2002 | New York, United States | $86.44M | – | Esports tournaments are organized and broadcasted by the company. | |
| communitygaming.io | 2018 | New York, United States | $18.3M | – | Esports tournaments are hosted on an online platform for users. | |
| gamercraft.com | 2020 | Miami, United States | $5M | 8 | App-based platform offering esports tournaments | |
| missioncontrol.gg | 2018 | St. Louis, United States | $1.75M | 9 | Real money gaming is enabled through private leagues and tournaments. | |
| playtaunt.io | 2017 | Seattle, United States | $4.75M | – | A digital collectible fighting game for the metaverse is offered. | |
| rallycry.gg | 2019 | Irvine, United States | $1.2M | 8 | Esports and gamers community platform |
Detailed competitors of Challengermode
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- Operating metrics
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Web traffic of Challengermode
The website of Challengermode (challengermode.com) receives about 682K visits a month and ranks #61,254 among all websites worldwide, #2,840 in Video Games Consoles and Accessories.
- Monthly visits682K
▲ 3.5% vs previous month
- Unique visitors224.1K
per month
- Global rank#61,254
among all websites
- Category rank#2,840
Games · Video Games Consoles and Accessories
- Bounce rate38%
- Pages per visit5.5
- Average visit2 min 54 sec
- DevicesDesktop 46% · Mobile 54%
Websites whose visitors overlap most with Challengermode. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| repeat.gg | 100% | 650K | #53,056 | View details | |
| battlefy.com | 99% | 421.5K | #95,594 | View details | |
| twitch.tv | 94% | 1.1B | #44 | View details | |
| steamcommunity.com | 91% | – | #183 | View details | |
| faceit.com | 89% | 44.2M | #1,242 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Challengermode
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- 40 similar websites
- Audience overlap
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Top companies in eSports & Competitive Gaming
10 companies that operate in the same segment as Challengermode (eSports & Competitive Gaming), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Operator of a platform providing skill-based games and interactive entertainment | 2018 | Delhi, Delhi, India | USD 92 M | USD 83.05 M | 1 | |
ESports social video streaming platform | 2006 | San Francisco, California, United States | USD 35.12 M | – | – | |
Real money skill-based gaming is facilitated through an online platform. | 2018 | Bengaluru, Karnataka, India | USD 401.22 M | USD 100.11 M | 435 | |
Video games are developed and eSports tournaments are organized. | 2006 | San Francisco, California, United States | USD 15 M | USD 630.41 K | 4 | |
eSports platform for skill showcasing and tournament hosting. | 2012 | London, England, United Kingdom | USD 17 M | USD 33.11 M | 89 | |
Esports league organization and organizer | 2010 | Los Angeles, California, United States | USD 40 M | – | – | |
Esports tournaments and events are organized across multiple games. | 2015 | Gurugram, Haryana, India | USD 66.15 M | USD 53.59 M | 74 | |
Online gameplay is streamed live via a broadcasting portal. | 2013 | Guangzhou, Guangdong, China | USD 537 M | USD 904.56 M | 1,250 | |
Live gaming, streams, and video content platform is operated. | 2016 | Delhi, Delhi, India | USD 45.99 M | USD 1.38 M | 79 | |
Mobile core genre games are developed for various platforms. | 2009 | Nicosia, Cyprus | USD 6 M | – | – |
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Related news about Challengermode
Complete news archive for 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. The company's 1st funding round was a Seed of $700K, raised on Aug 2015.
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.
Challengermode operates through Challengermode Ab.
The website of Challengermode receives about 682 thousand visits a month and ranks #61,254 among all websites worldwide.