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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 everything UGC related to games," said Griffin Gaming co-founder and LionTree managing director Nick Tuo...

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 double down on that opportunity. Today, a startup called Overwolf, which has built a popular platform for...

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