Fintech Startup Matcherino Secures $1.5 Million
Matcherino announced the close of $1.5 million in financing. Four investors contributed to the round, including Madrona Venture Group, Vulcan Capital, and Seven Peaks Ventures.
Matcherino is a service that allows fans to pair Twitch.tv players against each other and crowdfund esports matches. Twitch.tv is the No.1 live video streaming platform for gamers; Matcherino allows participants to crowdsource prize pools and engage their audiences and handle community donations. Content on the site can either be viewed live or via video on demand. The platform claims to have more than 1.5 million broadcasters and 100 million visitors per month.
According to the company, Matcherino has doubled the number of dollars coming into the platform in the past several quarters.