Xfire, which operates a social service used by 19 million gamers, has raised $4 million in fresh funding from Intel Capital and unnamed angel investors.
As a result of the capital injection, Xfire is severing the ties with Titan Gaming, the company that acquired them from Viacom a little over a year ago.
Both Xfire and Titan will henceforth operate independently from one another.
In addition to the spin-off and funding news, Xfire has also announced a trio of new execs joining its leadership team; Titan Gaming co-founder Mark Donovan will serve as President, Juston Brommel as CMO and Autumn Radtke as Director of Business Development.
Xfire provides a social communication platform targeted specifically at gamers, with features like group text and voice chats and user-generated content sharing tools such as screenshots, videos and live game broadcasts.
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