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The Israeli company is expanding into a new creator category - private server owners and creators

The acquisition supports the Israeli company's overall aim of uniting the in-game creator community and empowering them to earn a livelihood from gaming.

Getty Images Overwolf, a platform that allows creators to build, distribute and monetize in-game apps, has raised $52.5 million led by Griffin Gaming Partners and Insight Partners. The company, which is also announcing the launch of a new platform for user-generated content, additionally received financing from Ubisoft, Warner Music Group, former Quibi CEO Meg Whitman and Gen.G co-founder Kevin Chou. "Similar to how developers use Unity to build a game, we see Overwolf as the framework for ever...

Overwolf raises $52.5M for its platform to build, distribute and monetize in-game, user-generated content Roblox, the gaming company that went public this month with a strong debut, changed the game (so to speak) for the role that creative input can play in making a game more loved, more engaging and even more enterprising. Today, a startup that is taking a version of that model — focused on in-game apps and modifications — is announcing some funding and the launch of a new toolkit to doubl...

The $52.5 million series C round also includes participation from Meg Whitman and Gen.G co-founder Kevin Chou.

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 Libe...

There is no doubt that the gaming sector is one of the biggest winners of the Covid-19 era. The number of players climbed by hundreds of percent due to global lockdowns and companies that are active in the space experienced an unprecedented surge. Israel is considered a global powerhouse in the gaming world, with companies such as Playtika, which recently went public at a valuation of $11 billion, among many others.  On Tuesday, one of the standout companies in the local industry, Overwolf, r...