BEAMSTART Logo

Esports industry continues rising; Challengermode tournament platform raises $12 million.

The funding was led by the global investment arm of Alibaba Group


Esports industry continues rising; Challengermode tournament platform raises $12 million. | BEAMSTART News

- From our Sponsors -

The esports industry continues to grow with more technology companies entering the space.

Challengermode, an online platform that allows players to find, create, and compete in esports tournaments, has successfully raised $12 million in funding.

- Featured Sponsor -

The Challengemode platform.

The funding was led by eWTP Innovation Fund, the global investment arm of Alibaba Group. Other investors include Telia Ventures, GP Bullhound, Back in Black Capital, and even Swedish soccer legend Zaltan Ibrahimovic.

As of now, Challengermode only supports most competitive games on desktops. 

While there is a high possibility that mobile games will be added to the mix, it is still uncertain how the company will collaborate with mobile game developers the likes of Tencent, Moonton, and many more.

Players can create their own tournaments on the platform.

Moving forward, the company plans to use the fresh funds to scale across the United States and to develop more advanced features of its platform.

Challengermode also plans to integrate its platform with more games in the market, providing a more seamless experience for gamers.

"We are very excited to close this new financing round with the support of a strong set of investors who share our vision for esports.
With the additional backing, we’re able to double down on our core mission of delivering the best competitive gaming experience to each and everyone’s home, in any game. 
Our promise to the esports industry is that we will – regardless of player ability or experience - provide a platform that enables anyone to participate in esports. That means going beyond just making tournaments easy to host to creating a fun and inclusive community", said Robel Efrem, co-founder and CEO of Challengermode.

- From our Sponsors -

Latest Jobs

Influencer Marketing Associate

Niagahoster

Yogyakarta, Indonesia

Full Time

SGD 400 — SGD 1000 monthly

English Content Writer

Hostinger

Jakarta, Indonesia

Full Time

SGD 300 — SGD 600 monthly

Fund Accountant

Decacorn Capital

Singapore

Full Time

SGD 2500 — SGD 5000 monthly

Investment Analyst

Accial Capital

Singapore

Full Time

SGD 4000 — SGD 6000 monthly

Enterprise Solution Project Manager

Hukumonline.com

Jakarta, Indonesia

Full Time

SGD 2000 — SGD 2100 monthly

Operations Executive

Yojee

Singapore

Full Time

SGD 2800 — SGD 3500 monthly

Site Reliability Engineer

Livit

Singapore

Full Time

SGD 2000 — SGD 3500 monthly

Live Streaming Operator

SIRCLO

Tangerang, Indonesia

Full Time

SGD 800 — SGD 1100 monthly

Mobile Developer

Koltiva

Jakarta, Indonesia

Full Time

SGD 1000 — SGD 1100 monthly

Engineering Manager

Pegipegi

Indonesia Bulk Terminal, Indonesia

Full Time

SGD 1500 — SGD 2000 monthly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest news, events, and opportunities.

 

Download the Community App

Connect with the BEAMSTART Entrepreneurship Community from the palm of your hands. Connect with CEOs/Founders, Investors, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

PlayStore ButtonAppStore Button

© 2016 - 2021 BEAMSTART. All Rights Reserved (Legal).