Challenger Mode adds $4M in capital investment.
Challenger Mode, a Stockholm, Sweden-based company managing an esports platform, announced securing $4M in capital investment.
The money comes from existing investors, including Zlatan Ibrahimovic, and will be used to accelerate growth of the newly launched platform National Esports Leagues, a project that ties together several national or regional esport leagues within one ecosystem, providing a clear path to the top for player and teams, and a scalable and reliable funding model for organizers.
At the same time, the company adds several advisors in the company, including Rickard Steiber, former CEO of MTGx, Brett Horowitz, Finance Manager at HBO Nordic, Martin Bunge-Meyer, former PR chief of King and David Craelius from Klarna.
Challengermode, founded in 2013 and led by CEO Robel Efrem, developed an esports platform where gamers meet to compete and socialize around the biggest computer and console games in the world. The platform is accessible for users interested in being part of games such as League of Legends and Counter-Strike: Global Offensive tournaments together with other dedicated gamers and teams.
Prior to this deal, Challenger Mode raised about $2M in capital investment, from investors including Ashley Heppenstall Back In Black Capital, Jacob Key, Johan Skarborg, Jonas Nordlander, Jonas Siljemark, Karl Sandstedt, Mats Carlsson, Per Brilioth, Svärd von Heijne and Zlatan Ibrahimovic