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World of Tanks developer Wargaming helps Twitch rival Hitbox with $4M funding round

  • Posted byby Dean Takahashi
  • Updated
  • 3 min

Hitbox, a European startup that can stream gameplay at 4K resolution, has raised $4 million from World of Tanks developer Wargaming and others to further develop livestreaming service in competition with Amazon’s Twitch division.

The deal shows that Vienna, Austria-based Hitbox is making progress in its effort to provide competition to Twitch, which has become a broadcasting and esports juggernaut with more than 100 million monthly active users. Like Twitch, Hitbox hopes to hitch its fortunes to esports, the pro gaming phenomenon which is expected to grow to $1.8 billion by 2018, according to market researcher SuperData Research.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.