Overwolf Raises $16 Million in Series B Funding

Gaming startup Overwolf closed a $16 million round of Series B funding led by Intel Capital, with additional investments from Liberty Technology Venture Capital. This round of funding comes shortly after the announcement of a joint fund of $7 million by Intel and Overwolf for the purpose of investing in apps and mods for gamers.

Overwolf is building an open platform for game apps and in-game services such as real-time coaching services, analytics solutions, and video recording tools for popular PC and mobile games. The company’s mission is to generate value for 10 million monthly active players across mobile and desktop by empowering third-party creators and developers.