Time Warner Investments, the corporate venturing arm of media group Time Warner, has led a $10m round for Kamcord, the US-based operator of a game-focused live streaming platform, TechCrunch has reported.
The round, which valued Kamcord at $100m, also included internet group Tencent, game developer Wargaming, TransLink Capital, XG Ventures and Plug & Play Ventures. Kamcord has now raised $33.7m in total.
Kamcord has built a live streaming platform which has thus far been mostly used by gamers to broadcast their exploits online, though it plans to expand into other online areas after releasing an app casting feature that will allow live streaming from any smartphone app.
The company plans to leverage the involvement of Time Warner and its media publications as part of that venture, though tie-ups with sports leagues are also a possibility.
Kamcord’s earlier funding came from Tencent, Wargaming, TransLink, XG, game publisher GungHo Online Entertainment, internet companies Google, Digital Garage and DeNA, e-commerce company Netprice, M&Y Growth Partners, Merus Capital, Innovation Works, Y Combinator SV Angel, Andreessen Horowitz, GVA Capital and KLab.