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Overwolf raises $16 million for game services in round led by Intel Capital

Overwolf has raised $16 million for its recreation apps and products and services in a investment spherical led via Intel Capital. The Tel Aviv, Israel-based Overwolf has created an overlay platform that permits builders to create recreation programs, adjustments, or products and services that support the revel in of lately’s PC video games.

The deal follows an August announcement the place Overwolf and Intel mentioned they might create a $7 million fund to spend money on apps and mods for hardcore avid gamers.

Further traders come with Liberty Era Mission Capital, in addition to Overwolf’s current traders.

overwolf raises 16 million for game services in round led by intel capital - Overwolf raises $16 million for game services in round led by Intel Capital

Above: Overwolf supplies an overlay for third-party products and services in video games.

Symbol Credit score: Overwolf

Overwolf is construction an open platform of recreation apps and in-game products and services, with over 10 million per month lively gamers throughout cell and desktop. Overwolf’s challenge is to generate price for each and every gamer in each and every recreation via empowering third-party creators and builders.

Overwolf supplies loads of apps for standard PC and cell video games, reminiscent of real-time training products and services, analytics answers, and video recording gear.

As an open platform, Overwolf intends to closely make investments into new and cutting edge gear that give builders a best-in-class app publishing revel in. Overwolf’s objective is to generate extra price for builders of all sizes — from personal unbiased participants to venture-backed startups and big company builders.

“This spherical of investment marks a brand new bankruptcy in Overwolf’s adventure, and those sources will permit us to do extra for our neighborhood of builders and companions than ever sooner than” mentioned CEO Uri Marchand in a commentary. “Via our shut collaboration with Intel, which stocks our interest for construction open and impartial ecosystems, we’re bringing our developer companions options that will lend a hand their industry develop.”

1541574096 943 overwolf raises 16 million for game services in round led by intel capital - Overwolf raises $16 million for game services in round led by Intel Capital

Above: Overwolf can give apps or products and services in video games.

Symbol Credit score: Overwolf

That is Overwolf’s 1/3 funding spherical after a seed spherical in mid-2011 and every other spherical on the finish of 2013. The corporate is rising hastily and recruiting for its Tel Aviv website online.

“Overwolf’s place as a platform that serves thousands and thousands of avid gamers, coupled with its partnership with best builders, signifies that Intel’s funding will convert into extra price for PC avid gamers international”, mentioned John Bonini, common supervisor of VR, Esports and Gaming at Intel, in a commentary. “Intel has at all times prioritized avid gamers with prime efficiency, industry-leading . This spherical of funding in Overwolf advances Intel’s imaginative and prescient to ship a holistic PC revel in that may support the tactics other people engage with their favourite video games at the tool facet as smartly.”

In regards to the joint fund run via Intel and Overwolf, builders are inspired to use right here for investment.

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Amir Hussain

Amir Hussain is the founder of Freemium World, a geek by nature and a professional Blog writer . I love to write about new technology trends, social media, hacking, blogging and much more.

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