Twitch, a US-based video platform and community for gamers, which allows gamers to broadcast themselves in action, announced on 30 September that it had raised a series C $20m investment led by venture capital firm Thrive Capital with participation from China-based technology investment firm WestSummit Capital and Take-Two Interactive Software, a US-based publisher of video games such as Grand Theft Auto V, as well as additional funds from existing investors including venture capital firms Alsop Louie Partners and Bessemer Venture Partners.
The investment will enable Twitch to continue scaling its sales division and infrastructure.
Kevin Lin, Twitch chief operating officer, said: “Gamers today have a healthy appetite for both producing and consuming live video game content, so it’s vital that we’re not only keeping pace with them, but staying one step ahead. With the investments from Thrive Capital, WestSummit Capital, and Take-Two Interactive, it ensures we can more effectively grow and tap into new markets.“
Chris Paik, partner at Thrive Capital, said: “Twitch is a company that we see riding multiple waves both in gaming and online video. By providing gamers a new way to express themselves, Twitch has built a strong, passionate and fast growing community around itself.”
Twitch was launched in June 2011.