Xfire Raises $4m in Funding

Xfire, a Santa Monica, California-based social service for gamers, have raised $4m in funding.

The round was led by Intel Capital, with participation from several angel investors. Existing backers in the company already included Tomorrow Ventures, Clearstone Venture Partners principals William Quigley and Jim Armstrong, PriceGrabber co-founder Kamran Pourzanjani, and MP3.com founder Michael Robertson.

The company intends to use the funds to make many enhancements starting with a new look for its website and chat application and to continue to build its team (click here).
Xfire has already added Mark Donovan as President, Juston Brommel as Chief Marketing Officer and Autumn Radtke as Director of Business Development.

In conjunction with the funding, the company has been split from Titan Gaming so both businesses can operate independently.

Xfire allows players to chat and talk with groups of friends directly in-game across more than 2,300 titles and on multiple chat services like Yahoo!, AIM and Google Chat. It also enable them to capture and share in-game media like videos, screen shots and live game broadcasts.




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