Israeli-based Overwolf lands $16 million in funding

The Series B funding round was led by Intel Capital.

Image via Overwolf

Open game app platform Overwolf has raised $16 million in a Series B funding round led by Intel Capital. Investments were also contributed from Liberty Technology Venture Capital and others. The new funding has been added after Overwolf and Intel started up a $7 million fund to invest in apps and mods for PC gamers.

Ten million users work with the Overwolf app on mobile and desktop, according to the company. Apps include coaching services, analytics, video recording, and more. With the funding, Overwolf expects to invest in “new and innovative tools” through the app publishing experience.

“This round of funding marks a new chapter in Overwolf’s journey, and these resources will enable us to do more for our community of developers and partners than ever before,” Overwolf CEO Uri Marchand said in a statement. “Through our close collaboration with Intel, which shares our passion for building open and neutral ecosystems, we’re bringing our developer partners features that will help their business grow.”

Overwolf has garnered three investment rounds, including this most recent one. In its seed round, Overwolf raised $940,000. A Series A funding round in September 2017 raised $5.3 million for the company.

“Intel has always prioritized gamers with high performance, industry-leading hardware,” Intel esports, gaming, and VR vice president John Bonini said. “This round of investment in Overwolf advances Intel’s vision to deliver a holistic PC experience that will enhance the ways people interact with their favorite games on the software side as well.”