Challengermode Has Raised $12m For Its Esports Platform

? Venture Funding
Stockholm-based esports platform Challengermode has raised $12m in a funding round led by Alibaba Group’s investment arm eWTP Innovation Fund, with participation from Telia Ventures, GP Bullhound, Back in Black Capital, and AC Milan striker Zlatan Ibrahimovic — a long-time angel investor of the project
The funding will support international expansion of the platform, especially in North America
? Previous Seed Round
Up to date, Challengermode has raised $9.7m of funding
In May 2018, Challengermode raised $4m from existing investors: Zlatan Ibrahimovic and PIKvc
In February 2017, the company raised $1.3m from several existing angel investors, including Zlatan Ibrahimovic
In August 2015, the company raised about $0.7m in a funding round from several angel investors
? Product
Challengermode is an esports platforms, that allows players to create and participate in tournaments, regardless of their skills and experience
The platform can be helpful for amateur players, who can win their first tournaments and monetize their hobby
Challengermode has already collaborated with DreamHack, FIFA, Fnatic Esports Team and such giants like Google, Microsoft, Ericsson and Spotify
SOURCES: THEGAMINGECONOMY, AYO, REPUBLICWORLD

