Game broadcasting service Twitch secures $20m investment

Game broadcasting service Twitch secures $20m investment
Craig Chapple

By Craig Chapple

September 30th 2013 at 3:30PM

GTA V publisher Take-Two joins funding round for video streaming platform set to feature on PS4 and Xbox One

Game broadcasting service Twitch has secured $20 million in a series C investment round.

Companies leading the funding include Grand Theft Auto V publisher Take-Two, Thrive Capital and WestSummit. The company has also received additional funds from  existing investors Alsop Louie Partners and Bessemer Venture Partners.

The money will be used to help Twitch scale its infrastructure and sales division to meet audience demand and grow its viewership. Investment will also help the firm prepare its services for the PS4 and Xbox One, as well as support and grow its network of partners.

Twitch currently receives more than 45 million unique visitors per month.

"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," said Twitch COO Kevin Lin.

"With the investments from Thrive Capital, WestSummit Capital, and Take-Two Interactive, it ensures we can more effectively grow and tap into new markets."