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Twitch lands $20 million in series C funding thanks to Thrive Capital

Twitch.tv gets a $20 million infusion of round C funding cash. Looks to improve sales and infrastructure divisions

| Business, Financial & Legal News | Posted: Sep 30, 2013 8:33 pm

Twitch.tv, everyone's favorite social video game footage sharing site, has just announced that its series C round of funding has been a massive success. The company managed to raise $20 million thanks to efforts led by Thrive Capital, Take-Two Interactive, and WestSummit Capital.

 

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At the moment, Twitch sees more than 45 million monthly visitors, and with the upcoming release of next-gen consoles, we expect to see that number rise significantly. While no mention has been made with how the company will use the funds, we would imagine that some of it will go towards beefing up its servers, as well as improving on its services offered to gamers who live stream their gameplay to the site.

NEWS SOURCES:Allthingsd.com

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