Twitch receives $15 million to broaden eSports webcasting

Video game broadcasting community Twitch received a $15 million investment from entrepreneurial investment company Bessemer Venture Partners to expand its eSports webcasting, reports Venture Beat.

The money will allow Twitch to hire more engineers and improve its streaming services worldwide. Both professional and non-professional gamers use Twitch to broadcast live matches and gameplay sessions, with 20 million unique viewers tuning in every month to watch.

"Twitch is exactly the kind of company that we seek for investment," said Bessemer Venture vice president Ethan Kurzweil. "Twitch is not just a game changer: they created the game and are creating new experiences for their community. We're looking forward to them accelerating their lead, and continuing to change the rules as they go."

"That's the kind of entrepreneurs we like to work with," he added. "They created this market. They created a whole phenomenon."

Twitch launched just over a year ago and has raised $23 million to date towards its global expansion initiative.

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