FACEIT operates a competitive gaming platform that provides automated tournament management, matchmaking technology, and an SDK enabling developers to integrate competitive features into their titles. The platform serves hundreds of tournament organizers and more than 3 million users; the article also cites more than 3.5 million users logging an average of over three game sessions per day. FACEIT positions itself as a provider of a robust competitive community for players and organizers, an easy-to-implement competitive layer for developers, and custom offerings for brands. The company says the new capital will enable it to grow its team and continue building out its technology and platform. FACEIT recently opened a Los Angeles office to establish a North American presence and strengthen relationships with U.S.-based developers, publishers, and partners. Over the coming months the company plans to announce additional game integrations, partnerships, and product features. FACEIT operates a competitive gaming platform that runs structured competitions—online tournaments and daily, weekly and monthly leagues—and provides automatic results verification so players do not need to report results. Players earn FACEIT points when they win competitions, which can be collected and redeemed in the FACEIT store. The company’s media division also produces eSports events on Twitch.tv. FACEIT reports more than 1.5 million users and over 5 million gaming sessions every month. Founded in 2012 by Niccolo Maisto, Alessandro Avallone and Michele Attisani and based in London, the company intends to use new funding to double its team of 30 by the end of the year and introduce new games to the platform.

Total raised

$17M

Funding rounds

2

Latest round

Series A

Latest activity

Jan 2016