Funding round · Media & gaming
Challengermode raises $12m to expand esports infrastructure
eWTP Innovation Fund leads financing for the Swedish tournament platform.
Challengermode announced a $12 million financing round on August 26, 2020, led by eWTP Innovation Fund. Telia Ventures, GP Bullhound, Back in Black Capital and Zlatan Ibrahimovic also invested.
The Swedish esports platform planned to use the capital for technology development, expansion into North America and tools that help organizers engage and monetize gaming audiences. Its infrastructure automates tournaments and leagues through game integrations.
Use of funds
Develop tournament technology
Expand into North America
Build monetization tools for organizers
Funding history
Funding round · This round$12M