Twitch Raises $20M In Series C

Posted Sep 30, 2013

Twitch is a video game streaming service that has raised $20 million in Series C funding led by Thrive Capital with participation from WestSummit Capital and Take-Two Interactive.  Twitch is hitting around 45 million unique visitors per month.  Twitch is used for streaming gameplay, which is a feature that growing in popularity.

Twitch is being integrated in next-generation video game consoles.  Some of the most popular games that are watched on the service includes League of Legends and Starcraft 2.  The League of Legends Season 3 finals is expected to be watched by millions of people.

Twitch will be using the funding to grow their infrastructure since streaming high-definition video can get to be very expensive.  The funding will also be used for supporting their internal sales teams.

[Source: TechCrunch]