Xfire provides social networking tools for gamers, including gamer profiles, in-game voice and instant messaging, and live broadcasting. The company announced $3 million in new funding led by Singapore-based IDM Venture Capital to expand its presence in Asia. It has partnered with China Youth Goyor Technology to bring its services into the Chinese market. Xfire has changed ownership several times — acquired by Viacom in 2006 and by Titan Gaming in 2010 — and became independent again last fall. At the time it became independent it raised $4 million from Intel Capital and others. Xfire says the $3 million raise will probably be part of a larger round. Xfire operates a social communication platform targeted at gamers, providing group text and voice chats and user-generated content tools including screenshots, videos and live game broadcasts. The service supports a lively ecosystem of hundreds of game publisher partners and more than 19 million end users. Following a $4 million funding injection led by Intel Capital alongside unnamed angel investors, Xfire has severed ties with Titan Gaming and will operate independently. The funding coincides with leadership changes: Mark Donovan will serve as President, Juston Brommel as CMO and Autumn Radtke as Director of Business Development. Intel Capital joins early backers including Tomorrow Ventures, Clearstone Venture Partners principals William Quigley and Jim Armstrong, PriceGrabber co-founder Kamran Pourzanjani, and MP3.com founder Michael Robertson. Xfire originally received up to a Series C and later several millions from Viacom; Donovan estimates roughly $44 million has been injected into the company to date.

Total raised

$7M

Funding rounds

2

Latest round

Equity

Latest activity

May 2012