Twitch secures $20M investment to prepare for PS4, Xbox One

Twitch, the gaming-oriented online video platform, has secured a $20 million Series C investment from venture capital firms Thrive and WestSummit as well as publisher Take-Two Interactive, Twitch announced today.

This latest round of funding follows a $15 million Series B investment from Bessemer Venture Partners in September 2012.

According to Twitch, the new investment will allow the company to expand its ad sales division and prepare its infrastructure for the upcoming launches of the PlayStation 4 and Xbox One, both of which feature Twitch integration for video sharing and livestreaming.

"Given the excitement surrounding Microsoft and Sony's upcoming video game consoles, Twitch will be in a lot of living rooms this holiday season," said Kevin Lin, chief operating officer at Twitch, in a press release today. "Their intuitive and accessible integration of Twitch removes the barriers to entry which casual broadcasters currently face, so we expect traffic numbers to soar when these consoles launch."

Twitch will also use the funds to continue expanding and improving its video delivery infrastructure, and to grow its partnerships with video game publishers and platform holders.

More from Polygon

The horror of Five Nights at Freddy's

  • Dark Souls 2: Crown of the Old Iron King Overview

  • Spacecom: a fast 4X built for multiplayer

  • Pillars of Eternity builds on role-playing classics

  • Tour the 1 KB hard drive built inside Minecraft

Latest Discussions

X
Log In Sign Up

forgot?
Log In Sign Up

Please choose a new Polygon username and password

As part of the new Polygon launch, prior users will need to choose a permanent username, along with a new password.

Your username will be used to login to Polygon going forward.

I already have a Vox Media account!

Verify Vox Media account

Please login to your Vox Media account. This account will be linked to your previously existing Eater account.

Please choose a new Polygon username and password

As part of the new Polygon launch, prior MT authors will need to choose a new username and password.

Your username will be used to login to Polygon going forward.

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.
Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.

tracking_pixel_5353_tracker