Azubu.tv Receives $34.5 Million Investment for April Relaunch
The world of esports broadcasting just got more competitive with a major investment in Azubu.tv. Investment firm Sapinda Group announced today that they will be increasing their investment in the German-based company with $34.5 million in equity capital funding. This comes as Azubu.tv prepares to relaunch their streaming platform in April.
Growth of Azubu TV in the Esports Broadcast Market
Azubu’s growth in the esports broadcast market is evident as they secure this significant investment. The funding surpasses the latest round of venture funding for their primary competitor, Twitch.TV, who received $20 million in November 2013.
Esports deserves a premier broadcast platform which respects the global nature of esports,” said a spokesperson from Sapinda Group. They are committed to providing Azubu the support necessary to make that happen.
Azubu’s Vision for the Future
The spokesperson from Sapinda Group added, “Azubu has the leadership, vision, partnerships, and technology to radically elevate the eSports viewing experience.” CEO Ian Sharpe, who took over in November 2013, has focused on expanding the esports audience by offering seamless game streaming, introducing young players, providing insightful commentary, and increasing esports-awareness.
Changes and New Opportunities for Azubu.tv
Azubu has undergone significant changes, including establishing partnerships with Counter Logic Gaming and sponsoring Riot Games’ League Championship Series. The company also brought in CEO Ian Sharpe after allegations of fraud and the closure of their South Korea office. With the relaunch of their website in April, Azubu.tv aims to become the premier esports broadcast platform in 2014 with their $34.5 million investment.
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