Challenger Secures Another Undisclosed Funding Round with SeventySix
Summary
Challenger, an esports betting platform, has participated in a second seed investment round led by SeventySix Capital. The investment will be used to allow the company to expand its product beyond desktop gaming and on Xbox and PlayStation consoles along with new content, competitive features, and other complementary initiatives that would create a strong foothold for the firm’s product and strike home with gamers and bettors. The present titles backed by Challenger are Counter-Strike: Global Offensive, but it will be adding more, such as Call of Duty, PlayerUnknown’s Battleground, and Fortnite to name a few. Meanwhile, SeventySix Capital managing partner Wayne Kimmel argued that his company felt confident about the future of Challenger and the way the platform has been able to create a sustainable ecosystem of cash contests on esports. Challenger also taps into an expansive dataset on gamer behaviors, Kimmel noted, and he argued that the firm would have no trouble “overcoming cross-platform, cross-game and cross-studio esports wagering” differences.