Streaming platform Caffeine nets $100m investment from 21st Century Fox

Two companies form new joint venture called Caffeine Studios

Date Type Companies involved Size
September 5th, 2018 investment Caffeine $100m
Streaming platform Caffeine nets $100m investment from 21st Century Fox

A funding round led by 21st Century Fox has secured a $100 million dollar investment for rising streaming platform, Caffeine.

Other contributors included existing Caffeine investors Andreessen Horowitz and Greylock Partners.

New venture

The investment introduces a new venture called Caffeine Studios, which is joint-owned by Caffeine and Fox. The amount given by each investor was not disclosed.

Fox hopes to bring its expertise in live programming to Caffeine's existing platform, creating new opportunities for esports, gaming and sports creators. Fox Executive Chairman Lachlan Murdoch will also join Caffeine's board, as well as serving as CEO of Caffeine Studios.

In addition to the investment, Caffeine also announced a partnership with Live Nation, in order to bring music concerts and events to the platform.

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Danielle Partis is editor of and former editor of She was named Journalist of the Year at the MCV Women in Games Awards 2019, as well as in the MCV 30 under 30 2020. Prior to Steel Media, she wrote about music and games at Team Rock.