Take-Two Interactive joins new group of investors for streaming video platform in just-announced round of $20 million funding.
Gamer-focused streaming video company Twitch today announced that it had secured $20 million in new Series C funding from a round of investors that includes Grand Theft Auto parent publisher Take-Two interactive.
The $20 million investment was led by Thrive Capital, with additional participation from WestSummit Capital and Take-Two Interactive. Additional funds from existing investors like Alsop Louie Partners and Bessemer Venture Partners were also included.
Details regarding specific levels of participation in the overall $20 million were not disclosed.
According to Twitch, this new funding will allow the company to “continue scaling its sales division and infrastructure to meet the demand of its rapidly growing viewership.” Twitch had 45 million unique visitors in September 2013.
In addition to supporting the expansion of the Twitch Media Group sales division, the $20 million in funding will help ensure the platform’s infrastructure is ready for the launch of the Xbox One and PlayStation 4 in November.
Twitch broadcasting and viewing will be supported on both next-generation systems.
Grand Theft Auto V launched earlier this month, generating $800 million in 24 hours and $1 billion in three days. The game’s multiplayer component–GTA Online–launches tomorrow as a free download.
Developer Rockstar Games is expecting numerous hiccups and issues to accompany the launch.
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