Xfire, which offers social networking tools for gamers, just announced that it has raised $3 million in new funding.
The round was led by Singapore-based IDM Venture Capital. It’s apparently targeted specifically at expanding Xfire’s presence in Asia — the company recently announced that it’s partnering with China Youth Goyor Technology company to bring its services into the Chinese market.
The company’s services include a gamer profile, in-game voice and instant messaging, and live broadcasting. It has changed hands several times in the past few years, getting acquired by Viacom in 2006, then by Titan Gaming in 2010. Xfire became independent again last fall. At that time it also raised $4 million from Intel Capital and others.
Xfire says this funding will probably be part of a larger round.
Xfire is the leader in social gaming services for core gamers. In July of 2012, Xfire passed 22 million registered users. Xfire was founded in 2003 and acquired by Viacom in 2008 for $102 million. In August 2010 Xfire was spun out of Viacom by a private team of serial entrepreneurs and internet investors, including: Brock Pierce (IGE, Affinity Media), Mark Donovan (Titan Gaming), and William Quigley (Clearstone Venture Capital). The new team brings a wealth of experience, energy...
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