Monday, May 21, 2012

Xfire Gets $3M More

Santa Monica-based Xfire, the online communications and sharing app aimed at video game enthusiasts, said today that it has raised $3M in additional funding. The firm said the new funding came from IDM Venture Capital, and is expected to be part of a larger funding round. Xfire said the funding will go to fund its expansion into Asia. Xfire is headed by Malcom CasSelle. The company said the new funds bring its total raised to $7M, including a 2011 round from Intel Capital.