Gaming Software Startup Overwolf Raises $16 Million
Overwolf develops a platform that enables third-party developers to create modifications to existing PC games
Overwolf Ltd. announced on Wednesday it has raised $16 million in a funding round led by Intel Capital Corp. Overwolf develops a platform that enables third-party developers to create modifications to existing PC games, which are then available through Overwolf's app store.
Liberty Technology Venture Capital, a subsidiary of Liberty Media Corp., and other investors also participated in the round.
Founded in 2009 and based in Tel Aviv, Overwolf raised $5.3 million in previous rounds, The company employs 50 people, according to Pitchbook data.
In August, the company announced it partnered with Intel on a joint $7 million fund for apps, and overlays for games.