The livestreaming broadcaster was valued at more than $600m in a round co-led by investors including Cox Enterprises and Fox Corporation.

Media conglomerates Cox Enterprises and Fox Corporation co-led a $113m series D round for US-based online broadcaster Caffeine with Saudi Arabian state-owned vehicle Sanabil Investments yesterday.

Venture capital firms Andreessen Horowitz and Greylock Partners also contributed to the round, which boosted Caffeine’s total funding to $259m. The cash was raised at a valuation of more than $600m, company officials told Bloomberg.

Caffeine operates an online livestreaming platform with 2 million registered users that broadcasts live interactive entertainment through a mechanism…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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