Amazon’s Twitch livestreaming division has “acqui-hired” the team at Revlo in Toronto. Revlo created a fan engagement platform on top of Twitch that allowed streamers to interact with and monetize their audiences better.
But Twitch is not buying any of Revlo’s products or services, which will be shut down, said James Sun, CEO and cofounder of Revlo, in an email to GamesBeat.
Sun and his colleagues Adam Hueniken, Julie Topp, and Fraser Le Ber started the company in 2015 and went through the Next36 accelerator that summer. They went through the Y Combinator accelerator in the summer of 2016. They raised $3 million in funding from Omers Ventures, SV Angel, Foundation Capital, and ScaleUp Ventures.
They started on Revlo, a fan engagement platform that was used by more than 100,000 broadcasters. Each month, more than 40 million viewers were earning points on the service, but Revlo shut that platform down because it couldn’t find a business model that worked.Read More