Venturebeat, Twitch VP of Marketing Matthew DiPietro says the money will allow the company to expand its engineering team and improve its live video streaming services.
"That's the kind of entrepreneurs we like to work with," said Ethan Kurzweil, Vice President at Bessemer Venture Partners, which put up the money. "They created this market. They created a whole phenomenon."
Twitch states it now has over 20 million unique viewers per month. The site has raised $23 million to date, with a small seed round in 2005 and an $8 million investment as Justin.tv back in 2007.