Months after closing , video game streaming platform has raised $100 million more. was led by , a traditional media company. Other participants in the round include venture capital groups and . The pair co-led the company���s previous round.
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In 2017, 21st Century Fox���s television and movie studios. Fox and Caffeine are now partnering on a venture called Caffeine Studios which will ���leverage FOX Sports��� expertise in live events and programming to create exclusive esports, video game, sports, and live entertainment content,��� . The company���s stake in Caffeine and the new venture will be a part of New Fox, the holding company for assets that aren���t part of the Disney acquisition.
As 蹤獲弝け News previously reported, Caffeine, which was founded in 2016 by former Apple engineers and , competes with and Gaming. Both Twitch and YouTube Gaming enjoy the deep-pocketed support of their parent organizations, and , respectively.
However, Caffeine claims to have a more seamless, real time streaming experience���unlike other services that have built-in streaming delays. Further, Caffeine���s software aims to provide streamers with more targeted conversations between their close social circle and highly upvoted members of the streaming community.
This round and partnership point to Caffeine���s goal to move beyond gaming into other content categories as well. The backing of a media industry veteran like 21st Century Fox will likely boost those efforts and could give the startup a leg up in an effort to effectively compete in a crowded streaming market.
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