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Game extension platform Overwolf nabs $16M in funding

Overwolf, an open platform designed to assist builders create extensions for video video games, has raised $16 million for its packages and products and services in a investment spherical led via Intel Capital.

The corporate supplies a platform for devs to create apps and extensions for PC and cell video games starting from real-time training products and services, analytics answers, and video recording gear.

It seems as even though Overwolf intends on the usage of the price range to spend money on developing new gear for its builders and supporting the rising neighborhood round its platform. 

As reported via VentureBeat, the deal follows an settlement made again in August the place the Israel-based corporate and Intel would create a $7 million fund to spend money on developing apps and mods for online game gamers. 

“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 ahead of,” Overwolf CEO Uri Marchand mentioned in a commentary.

“Thru our shut collaboration with Intel, which stocks our interest for development open and impartial ecosystems, we’re bringing our developer companions options that will assist their trade develop.”

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