Kamcord Gets $1.5 Million In Seed Funding From Investors

By: Kevin Green  |   December 20th, 2012   |   Business, Games, Mobile Apps, News

Kamcord has made public on December 19 that it has received $1.5 million in seed funding from a number of investors including Andreessen Horowitz, Google Ventures, Tencent, Yahoo! CEO Marissa Mayer, and Reddit co-founder Alexis Ohanian. This comes only four months after the startup released an SDK for its mobile game recording application.

 

According to the most recent data provided by Kamcord, it has doubled the number of games that are using its technology, which records in game action from the time that it launched 12 months ago. Gamers have also adopted the technology just a quickly and it is reported that Kamcord-enabled games are getting three gameplay videos per second as of only two weeks ago. Amazingly in that time, the volume has increased to seven gameplay videos per second.

 

Kamcord CEO Matt Zitzmann believes the growth will keep coming and adds that, “We’ve been talking to a lot of game developers these days. There’s an understanding that this is going to be a core piece of functionality, and we’re hopeful that we’ll continue to see this kind of growth.”

 

Video game-related video content has been a big part of the internet lately. TouTube channel Machinima has been quite successful and got 1.6 billion views on YouTube in April alone. Even a major player like Hulu has been looking to attract user generated game content to its platform.

 

Kamcord is probably the leading mobile game recording startup in the world. While others focus on regular console games or PC games, Kamcord has made a name for itself by jumping in to the fast growing mobile gaming sector.

 

Kamcord-enabled games allow the user to record and then share their action on YouTube. This is a way for gamers to show others their accomplishments but more importantly for the developer it is free publicity for their product.

 

CEO Zitzmann intends to use the new funds to inject into the current payroll and also add a few more team members. The small team is currently just focusing on iOS devices but Android is on the cards and should be coming next year.

 

Source: TechCrunch