Twitch Lands $20 Million in Series C Funding

Is this the countdown to an IPO?

As Twitch (formerly Twitch.tv) continues its run as one of the most popular gaming sites on the Web, the company has raised another $20 million in series C funding to expand still further. The company is reportedly paying pro gamers' salaries in the six figures to draw viewers from all over the world, as well as commentators who provide blow-by-blows for games like StarCraft and Dota 2.

Of note among the stakeholders—sandwiched between V.C.ers like Thrive Capital and WestSummit Capital—was Take-Two Interactive, a company that makes big-ticket games like the Bioshock series and XCom: Enemy Unknown.

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