Mobcrush, a US-based live streaming platform for mobile games backed by a range of corporate investors, raised $11m in a series A round led by venture capital firm Kleiner Perkins Caufield & Byers (KPCB) yesterday.
VC firms First Round Capital, Lowercase, Rincon Venture Partners, Crosscut Ventures and Advancit Capital, as well as Raine Ventures, the venture capital arm of merchant bank Raine, also invested, having previously participated in a $4.9m seed round in May 2015.
The seed round also featured entertainment studio Lionsgate, CAA Ventures, the corporate venturing subsidiary of talent and literary agency Creative Artists Agency, and MTGx Ventures, the investment vehicle of media group Modern Times, as well as CrunchFund, BAM Ventures and assorted angel investors.
Mobcrush has built a platform that enables users to easily live stream their gameplay without requiring additional equipment. The platform is currently only available as a beta testing version for Apple devices.
The series A funding will support Mobcrush’s aim to bring its platform to devices running Android and Windows as well.
Royce Disini, chief executive of Mobcrush, said: “KPCB shares our vision for how the mobile landscape is evolving, and sees the massive demand for an easy, accessible streaming solution for gamers on the platform.
“As our company grows and we get closer to officially launching our product, we are humbled to see the tremendous support from our investors, but also our partners, community and players.”