Twitch Raises $20 Million

Twitch, dubbed the “ESPN of Gaming,” has just raised $20 million to help maintain its 45 million monthly viewers. That’s over double its user base from just one year ago, and that number is only rising. The increasing popularity of electronic games, and their competitive applications, is fueling Twitch’s growth, as they’re the best and most widely-utilized game streaming service. There are over 600,000 broadcasters – or gamers who share their screens – and what’s more, Twitch viewers are some of the most engaged across any medium, with over 100 average minutes every day logged by the viewers. Indeed, at its most potent moment, Twitch was streaming live to over 1 million viewers, simultaneously. Even with all of the positive press, the viewing infrastructure has been severely lacking, with their Google Play rating at 3.1 stars. Nonetheless, the new money should help propel the new favorite game-streaming medium to new heights, from its current dominant position.