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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 programs and services and products in a investment spherical led via Intel Capital.

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

It appears as although Overwolf intends on the use of the budget to spend money on growing new equipment for its builders and supporting the rising group 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 growing 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 group of builders and companions than ever prior to,” Overwolf CEO Uri Marchand mentioned in a observation.

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

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