Let us reveal great news today: We raised our next growth round to keep the Hitbox upward trend on a steep ascent. Let’s all welcome Wargaming on board!
Today we are elated to announce the successfull closing of a $4 million growth round to expand our North American operations and worldwide reach, as well as explore additional software innovations to expand our technological lead. The round was led by Vienna-based VC-firm Speedinvest and also includes leading free-to-play MMO developer and publisher, Wargaming; North Base Media; as well as angel investors. This investment follows a seed round of $1 million from angel investors, which closed in 2014.
“Supporting live streaming for our games and fans has always been a key pillar in our strategy for growing our online presence,” said Sean Lee, Chief Strategy Officer at Wargaming, who will join our board of directors. “Hitbox allows us to truly make live streaming an extension of Wargaming and our titles through the ability to integrate game data into the broadcast. Gamers will be able to share their experiences easier than ever before and our channels will have the robust infrastructure AAA gaming demands.”
We will reveal more about what cool things we have planned for you guys with this partnership in the near future.
Martin Klimscha, CEO and co-founder of Hitbox adds: “We are huge fans of Wargaming, and we welcome them as an investor and partner who share our vision of taking video game livestreaming to the next level. Speedinvest has been an extraordinary partner since our initial seed round and this investment strengthens our relationship as we prepare to expand our operations and visibility.”
Oliver Holle, CEO Speedinvest adds: “Esports is an exploding market and Hitbox is the top contender to win market share from previous monopolist Twitch and others. With Hitbox’s laser focus on the gaming community and its superior technology, we see nothing but growth.”
With this new round of funding, we are focusing on continuing to deliver innovation in both technology and community-building efforts. Watch this space and follow us on Twitter for upcoming announcements.