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
*********
- 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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $15.0M
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First Round
First Round
(16 Jun 2015)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2016 | Amount | Series A - Faceit | Valuation | Index Ventures , Anthos Capital |
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| Jun, 2015 | Amount | Seed - Faceit | Valuation | United Ventures |
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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 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. 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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Venture capital investments in technology startups and entrepreneurs.
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Founded Year | Domain | Location | |
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Investment in innovative consumer and technology companies based in Santa Monica.
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Founded Year | Domain | Location | |
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Investments are directed toward early-growth SaaS and digital companies.
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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 Faceit
| 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 - Faceit
| 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 |
Faceit Comparisons
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. 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 tournaments are organized and broadcasted by the company.
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| domain | founded_year | HQ Location |
Esports infrastructure is provided for gamers, organizers, and developers.
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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 Faceit
Frequently Asked Questions about Faceit
When was Faceit founded?
Faceit was founded in 2012 and raised its 1st funding round 3 years after it was founded.
Where is Faceit located?
Faceit is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Faceit a funded company?
Faceit is a funded company, having raised a total of $17M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Jun 16, 2015.
How many employees does Faceit have?
As of Dec 31, 2022, the latest employee count at Faceit is 89.
What is the annual revenue of Faceit?
Annual revenue of Faceit is $33.11M as on Dec 31, 2021.
What does Faceit do?
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.
Who are the top competitors of Faceit?
Faceit's top competitors include MLG, Community Gaming and Challengermode.
Who are Faceit's investors?
Faceit has 4 investors. Key investors include Savvy Games Group, Index Ventures, Anthos Capital, and United Ventures.
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