Caffeine Raises $113 Million to Take Live Rap Battles Mainstream
- Fox, Cox Enterprises among investors leading funding round
- Music competitions have helped attract 2 million users
Source: Caffeine.tv
This article is for subscribers only.
Twitch built an internet giant around people’s love of video games. Caffeine is trying to do the same with music competition.
A live-streaming website, Caffeine said Thursday it raised $113 million to invest in new forms of entertainment that users can watch and engage with in real time. The aim is to differentiate its programming from industry leaders Twitch and YouTube.