Swedish Tech Startup raises new funding
After launching the first Nordic university esports championship together with Hewlett Packard’s (HP) sub brand Omen by HP, Challengermode raises a new round totaling $1.3M from strategic and internal investors, including famous soccer player Zlatan Ibrahimović.
The additional funding will allow Challengermode to leverage its recent growth by continuing to build stronger relationships with brands, esports organizations and game developers. Ultimately, this will serve as the next step in Challengermode’s mission of providing the best and most accessible competitive gaming experience for gamers.
Founded in Stockholm in 2014, Challengermode is an online competitive gaming platform that allows regular gamers to compete like professionals in some of the biggest computer games, with prizes ranging from money to sponsored products.
The company has quickly grown to become a leading actor in the Northern European esports scene, working with major partners. Twitch, Nordea and Save the Children are a few of them.
"We are now seeing the next phase of esports going mainstream around the world, and we couldn’t be more excited by the brands and investors who have chosen to join us in creating tools for players and brands alike to thrive in this booming field."
- Robel Efrem, CEO & founder of Challengermode
Challengermode provides regular gamers with the pro player esports experience. Its digital gaming platform and highly automated tournament system lets gamers compete in some of the biggest computer games, with prizes ranging from money to sponsored products. Challengermode’s vision is to make esports the world’s largest and most accessible sport.
Back in Black Capital
Jonas Nordlander – CEO Avito
Per Brilioth – CEO Vostok New Ventures
Ashley Heppenstall – Ex CEO Lundin Petroleum
Mats Carlsson – CEO Pareto Securities
Jonas Siljemark – CEO Warner Music Nordic
Jacob Key – Angel investor
Polar Ignition Capital
Johan Skarborg – CEO Academic work
We’re a Stockholm-based tech startup founded in 2014 with the mission of bringing the seriousness of sports to competitive gaming. We’re a small (award winning) team of 10 gamers, nerds, techies, athletes, creators and dreamers. It’s a team made up of people who are the best at what they do. Some of us have worked at companies like Google, Microsoft, Ericsson and Spotify. Others have started and sold companies. Together, we are building a product and a company based on the values we believe are necessary to make esports the biggest sport in the world: Professionalism, Seriousness and Community.