Online game retailer Overwolf and semiconductor and data technology provider Intel have combined to form a $7m fund that will invest in developers of app-based gaming products.
The vehicle will fund the creation of in-game apps that can be distributed on Overwolf’s app store, covering areas such as modifications or in-game services, according to VentureBeat, which reported that the fund will commit $10,000 to $500,000 for each investment.
Overwolf CEO Uri Marchand said: “We continuously look for opportunities to help developers create awesome experiences that make today’s top games even more fun to play.
“We have designed the fund’s evaluation process to be simple and fast so that developers can focus 100% of their efforts on making the best possible application, mod or game extension.”
