The world's foremost video platform and community for online gamers, Twitch, recently announced a Series C USD20 million investment. The round was lead by Thrive Capital with the participation of WestSummit Capitala nd Take-Two Interactive Software Inc. Other participants include Alsop Louie Partners and Bessemer Venture Partners.
The investment would be used to scale its sales division and infrastructure to meet the increasing demand of its viewership. As of late, the site recorded 45 million unique visitors per month.
According to Twitch COO Kevin Lin, "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."
WestSummit Capital's Co-Founder and Managing Director Raymond Yang added, "We see many exciting opportunities for Twitch to build upon their global leadership position in this explosive sector of the industry, especially in the innovative and rapidly growing Asia-Pacific region. We are delighted to partner with Twitch as the company enters its next phase of growth."
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