Mobcrush, the US-based creator of a livestreaming platform aimed at gamers, secured $20m in series B funding on Tuesday from a group of investors led by Evolution Media Capital, the advisory firm affiliated with talent agency CAA.
Raine Ventures, the venture capital unit of merchant bank Raine, also supplied funds, as did Kleiner Perkins Caufield & Byers (KPCB), Lowercase Capital, First Round Capital and a range of unnamed backers.
Founded in 2014, Mobcrush operates a live video streaming platform and community for mobile gamers. The company’s technology enables users to broadcast their games directly from handheld devices running the iOS or Android operating systems.
The cash will enable Mobcrush to strengthen its market position, further grow its user base and hire additional engineers.
Mobcrush has now raised a total of $35.9m. KPCB led its $11m series A round in September 2015, investing alongside First Round, Lowercase, Raine Ventures, Rincon Venture Partners, Crosscut Ventures and Advancit Capital.
CAA Ventures, the corporate venturing division of talent and literary agency Creative Artists Agency, MTGx Ventures, the investment vehicle of media group Modern Times, and film and television studio Lionsgate had already taken part in a $4.9m seed round in May 2015.
The seed round was also supported by CrunchFund, BAM Ventures, First Round, Lowercase, Rincon, Crosscut, Advancit, Raine and assorted angel investors.