About Faceit
Faceit is a company based in London (United Kingdom) founded in 2012 by Alessandro Avallone was acquired by Savvy Games Group in January 2022. Faceit has raised $17 million across 2 funding rounds from investors including Savvy Games Group, Index Ventures and Anthos Capital. The company has 89 employees as of December 31, 2022. Faceit operates in a competitive market with competitors including MLG, Challengermode, Community Gaming, Gamercraft and Mission Control, among others.
- Headquarter London, United Kingdom
- Employees 89 as on 31 Dec, 2022
- Founders Alessandro Avallone
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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 Face It Limited
- Date of Incorporation 24 Aug, 2011
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
$33.11 M (USD)2as on Dec 31, 2021
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Net Profit
$890.93 K (USD)-71as on Dec 31, 2021
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EBITDA
$22.96 K (USD)-99as on Dec 31, 2021
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Total Equity Funding
$17 M (USD)
in 2 rounds
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Latest Funding Round
$15 M (USD), Series A
Jan 26, 2016
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Investors
Savvy Games Group
& 3 more
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Employee Count
89
as on Dec 31, 2022
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Acquired by
Savvy Games Group
(Jan 24, 2022)
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Funding Insights of Faceit
Faceit has successfully raised a total of $17M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $15 million completed in January 2016. 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 Faceit
Faceit has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Savvy Games Group, Index Ventures and Anthos Capital.
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Venture capital investments in technology startups and entrepreneurs.
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Investment in innovative consumer and technology companies based in Santa Monica.
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Investments are directed toward early-growth SaaS and digital companies.
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Investor details for Faceit
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Investments & Acquisitions by Faceit
Investment portfolio details for Faceit
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Financial Statements - Faceit
Detailed financials for Faceit
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Faceit Comparisons
Peer comparison for Faceit
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Competitors of Faceit
Faceit 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 MLG, Challengermode, Community Gaming, Gamercraft and Mission Control, among others.
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Esports tournaments are organized and broadcasted by the company.
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Esports infrastructure is provided for gamers, organizers, and developers.
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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 Faceit
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Latest news on Faceit
Complete news archive for Faceit
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Frequently Asked Questions about Faceit
Faceit was founded in 2012 and raised its 1st funding round 3 years after it was founded.
Faceit is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Faceit is a funded company, having raised a total of $17M across 2 funding rounds to date.
As of Dec 31, 2022, the latest employee count at Faceit is 89.
Annual revenue of Faceit is $33.11M as on Dec 31, 2021.
Faceit was established in 2012 in London, United Kingdom, as an eSports gaming platform. Gamers skills are enabled to be discovered and presented to sponsors and professional teams. Tournaments are organized for individual and team participation, with registration and competition features. Additional games can be incorporated by users to accumulate points through contests. Operations focus on the free-to-play sector within the gaming industry.
Faceit's top competitors include MLG, Community Gaming and Challengermode.
Faceit has 4 investors. Key investors include Savvy Games Group, Index Ventures, Anthos Capital, and United Ventures.