Israel-based game development software provider Overwolf has secured $75m in a series D round featuring semiconductor technology producer Intel and mass media group Liberty Global.
Venture capital firm Andreessen Horowitz led the round, which included Griffin Gaming Partners, Insight Partners and Marker. The corporates were represented by Intel Capital and Liberty Technology Venture Capital respectively.
Founded in 2010, Overwolf has built an online platform that helps game developers design and create mobile gaming apps.
Intel Capital and Liberty Technology Venture Capital had backed a $52.5m series C round for the company in March this year that included game publisher Ubisoft and record label Warner Music Group.
Griffin Gaming Partners and Insight Partners co-led the series C round, which was filled out by Marker, Atreides Management, Meg Whitman and Kevin Chou in addition to two undisclosed game developers.
The company had previously secured $25m, including a $16m round in 2018 led by Intel Capital and backed by Liberty Technology Venture Capital and unspecified returning investors. Its earliest funding involved it raising $5.3m from unnamed angel investors in 2013.
Uri Marchand, CEO and co-founder of Overwolf, said: “This funding enables us to double down on the in-game creator ecosystem, primarily through CurseForge Core, a ‘[user-generated content]-as-a-service’ solution that enables studios, [intellectual property] owners and in-game creators to safely thrive with game creations.”
