The mobile-based livestreaming app Mobcrush has raised $20 million in Series B funding.
The Los Angeles-based production company Evolution Media led the round. This brings Mobcrush’s total funding to $35.9 million since its founding in 2014. Live-streaming is a key part of the growing esports market, which Newzoo projects will earn $1.1 billion in revenues by 2019. The PC and console-based Twitch (which has over 100 million viewers a month) is the most popular site for streamers, but Mobcrush could take advantage of the $36 billion mobile games market. The most popular games broadcasted on the platform include mobile hits like Minecraft, Vainglory, Clash Royale, and Pokémon Go.
Mobcrush plans to use the funds to continue building its mobile streaming platform, which it says currently has 1 million active users, although we do not know how many viewers it has a month. It will also use the money to hire more engineers.
“Mobcrush is a technology and entertainment company at the epicenter of mobile gaming, live streaming, esports, and the creator-driven media revolution,” Mobcrush founding chief executive officer Royce Disini said in a press release sent to GamesBeat. “No other company makes it as easy to live broadcast your mobile screen, whether it’s on an iOS or Android device. This additional investment will enable us to exponentially expand our community of content producers and viewers globally.”
The company touts that its app, which is free for iOS and Android devices, allows players to begin streaming with a single tap.