Challengermode Secures $2.5m

Challengermode Secures $2.5m

Business

31 October 2024 16:17

Challengermode has completed a SEK 27 million funding round led by Back in Black Capital, with participation from existing investors and new investors Ballista Capital and Seeker. This funding will allow Challengermode to expand its offerings beyond esports to include a wider range of game-technology products aimed at game developers and AAA publishers.

According to release, the platform has millions of users and over 80,000 tournament organizers, facilitating more than 400,000 competitions each month, including community tournaments and global Tier 1 events like the DOTA2 and CS2 Majors.

More:Neon Koi and Firewalk Studios Shut Down

CEO Robel Efrem stated, “Securing this funding is a testament to the quality of our platform, strategic vision and the trajectory of the company. We’re excited to continue developing our game-focused technologies to better serve game developers and the broader competitive gaming community.”

Challengermode recently signed with an undisclosed AAA publisher to leverage its in-game technology and plans to expand its offerings to more publishers, contributing to an average revenue growth of 54% over the past three years.

Tags: Challengermode

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Challengermode Secures $2.5m

Business

31 October 2024 16:17

Tags: Challengermode

Challengermode has completed a SEK 27 million funding round led by Back in Black Capital, with participation from existing investors and new investors Ballista Capital and Seeker. This funding will allow Challengermode to expand its offerings beyond esports to include a wider range of game-technology products aimed at game developers and AAA publishers.

According to release, the platform has millions of users and over 80,000 tournament organizers, facilitating more than 400,000 competitions each month, including community tournaments and global Tier 1 events like the DOTA2 and CS2 Majors.

More:Neon Koi and Firewalk Studios Shut Down

CEO Robel Efrem stated, “Securing this funding is a testament to the quality of our platform, strategic vision and the trajectory of the company. We’re excited to continue developing our game-focused technologies to better serve game developers and the broader competitive gaming community.”

Challengermode recently signed with an undisclosed AAA publisher to leverage its in-game technology and plans to expand its offerings to more publishers, contributing to an average revenue growth of 54% over the past three years.

Share:

Sources:

Report mistake   

Submit news   

Related news

View All

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Challengermode, in collaboration with data analytics firm Shikenso Analytics, has released an esports whitepaper centered on engagement within the...

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Feb 23, 2024

Challengermode Partners with PGL

Challengermode announced a new partnership with PGL. According to deal all Open Qualifiers, Regional Major Rankings (RMR) and the Copenhagen...

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Dec 07, 2023

Manchester City Partners with Challengermode

Manchester City Esports announced a new partnership with Challengermode. Challengermode is named as the official esports platform of Manchester City...

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Jun 26, 2023

FIA Reveals New Event

he Fédération Internationale de l’Automobile (FIA) is ramping up its commitment to sim racing esports with the introduction of the...

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