Overwolf, the Israel-headquartered creator of a game development platform, has raised $52.5m from investors including game developer Ubisoft, record company Warner Music Group, semiconductor producer Intel and mass media group Liberty Global.
The round was co-led by Griffin Gaming Partners and Insight Partners and also featured Marker, Atreides Management and angel investors Meg Whitman and Kevin Chou as well as two undisclosed additional game developers.
Intel and Liberty Media participated in the round through corporate venturing subsidiaries Intel Capital and Liberty Technology Venture Capital respectively.
Overwolf provides technology that gives developers the framework to create their own mobile gaming apps without having to use a dedicated gaming platform.
The company said it had raised $25m prior to the latest round, including $5.3m from unnamed angel investors in 2013. Intel Capital led a $16m round in 2018 that included Liberty Technology Venture Capital and undisclosed existing backers.
Uri Marchand, co-founder and CEO of Overwolf, said: “Our framework is more important today than we even imagined, with more people turning to user-generated content to enhance the gaming experience.
“Overwolf has also experienced 300% growth each year in the last two years as the market for content around games rises.”
The funding was announced together with the launch of CurseForge Core, a platform that offers a software development kit which allows developers to more easily integrate modifications into both new and existing games.
