Israeli gaming platform co Overwolf raises $52.5m
Overwolf has built a platform that allows third party developers to create expansions and additions to PC games.
Israeli gaming platform developer Overwolf has announced the completion of a $52.5 million Series C financing round co-led by Griffin Gaming partners and Insight Partners. Also participating in the financing round were gaming giant Ubisoft, Warner Music Group, Meg Whitman, Jibe Ventures, Kevin Chou, Intel Capital, Marker Fund and Liberty Media. The financing round was at a company valuation of $200 million and brings to $75 million the total amount raised by Overwolf.
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Overwolf has built a platform that allows third party developers to create expansions and additions to PC games. These expansions can for example allow players to record the progress of their game, track their improvement trends or organize tournaments between players. Overwolf operates a store that allows purchase of these expansions for popular games like League of Legends, Fortnite and Counter Strike.