$60 million in-hand, LA startup Azubu wants to overtake Twitch's throne

By Gabe Carey ยท 4 replies
Dec 15, 2015
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  1. [parsehtml]<p><img src="https://www.techspot.com/images2/news/bigimage/2015/12/2015-12-14-image-6.png" /></p> <p>This late in the game, taking on Twitch and YouTube in the livestream gaming business would be absuredly difficult. Nevertheless, one Los Angeles startup is crazy enough to try and considering its ability to rack in nearly $60 million by way of Sapinda Group, based in London, it may not be so far-fetched an endeavor after all. This is on top of the $34.5 million Sapinda invested back in March 2014, paired with contributions from Sallfort Privatbank in Switzerland.</p> <p>The differentiator? <a href="http://hub.azubu.tv">Azubu</a> is focusing on eSports live streaming and the eSports ecosystem, claims CEO Ian Sharpe. While anyone from Bob Ross to PewDiePie can stream on Twitch, Azubu remains exclusively for the hardcore competitive scene.</p> <p>As of October 2015, Azubu was serving 9 million unique monthly visitors which may sound like a lot but is way behind well-established competitor Twitch. However, Sharpe says that thanks to the aforementioned recent investments, Azubu will be able to expand into emerging markets like Brazil, India, China, and the Philippines, making use of their native tongues, an area larger outlets like Twitch and YouTube are neglecting in the eSports space.</p> <p>Recently, Azubu managed to acquire exclusive rights to stream UOL BoaCompra&#39;s eSports coverage, the XLG League included, in Brazil. The two companies will work together in video content production and media placements, thereby allocating ad sales between themselves.</p> <p>The prospect is promising enough, according to an analyst at Newzoo that he suspects Azubu will be bought out by a TV broadcast or digital media company in the next two years.</p> <p>As for Azubu&#39;s moral stance on Twitch, Sharpe says, &quot;When you look at eSports as an ecoystem, you don&#39;t want a monopoly because that&#39;s bad for business. Some of the teams and leagues would love to see a great alternative to Twitch and they&#39;re rooting for us.&quot;</p><p><a rel='alternate' href='https://www.techspot.com/news/63145-60-million-hand-la-startup-azubu-wants-overtake.html' target='_blank'>Permalink to story.</a></p><p class='permalink'><a rel='alternate' href='https://www.techspot.com/news/63145-60-million-hand-la-startup-azubu-wants-overtake.html'>https://www.techspot.com/news/63145-60-million-hand-la-startup-azubu-wants-overtake.html</a></p>[/parsehtml]
  2. H3llion

    H3llion TechSpot Paladin Posts: 1,376   +286

    Could they not think of a better name than "Azubu"? Wow...
  3. RebelFlag

    RebelFlag TS Addict Posts: 147   +78

    Absuredly is not a word. it should be, but it isn't.
    Reehahs likes this.
  4. maddogmcgee

    maddogmcgee TS Rookie

    This is investment fraud. These guys are corrupt and have been linked to organised crime, althogh Azubu specifically makes money by listing on public exchanges and then going bust. They invest large amounts of money over a year or so in ways that are impossible to actually make money, build up the brand, then they go bankrupt.

    The last time they went bust they had people move themselves and sometimes their families to Germany, stopped paying them after a short time, and folded while owing many people several months wages and costing them alot in time/moving costs.

    Techspot should remove this post, maybe apologise for posting it.A quick Google would have found these issues.

    Reehahs and H3llion like this.
  5. H3llion

    H3llion TechSpot Paladin Posts: 1,376   +286

    Wow, thanks for sharing! :O

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