- Overwolf raises $52.5 million for its platform for game developers and publishers
- The company’s platform has some 30,000 creators, 90,000 mods, and add-ons.
- CurseForge Core, based on technology that Overwolf acquired in June 2020.
- Griffin Gaming Partners and Insight Partners jointly led the round.
Overwolf raised $52.5 million to increase its modding platform for sport builders and publishers. The Tel Aviv-based firm can be launching its CurseForge Core user-generated content material platform. It should provide the platform as a service for sports firms, to benefit from mods or the customized creations. As for gamers that may improve present video games.
The massive funding echoes the keenness around Roblox, the user-generated sports platform firm that went a public final week at a $41.9 billion valuation. CurseForge Core, based mostly on know-how that Overwolf acquired in June 2020. It gives software program improvement equipment (SDK) for sport builders. The company integrates into the sport itself and features as a gateway for customers to find and set up mods in-game. It works throughout all platforms and storefronts and allows publishers to simply combine mods safely in the o present or new video games.
Overwolf is a strategic pivot for game developers.
When Overwolf started in 2011, it did not have an open framework. It offered features like communications inside a game, Facebook integration, capture capabilities, and other things. Overwolf created everything itself, with an overlay that allowed players to access services while they were playing games. In 2015, Overwolf’s platform drew the first creator apps, with an app for League of Legends. That snowballed. A funding round from Intel helped Overwolf invest in the community, and by 2019 the creators hit a critical mass. Then the company picked up big followings with Minecraft and other games with the Curse deal in 2020.
Overwolf’s acquittal of different platforms.
In 2020, Overwolf acquired CurseForge from Twitch. CurseForge had the biggest repository of mods for video games including top titles like World of Warcraft and Minecraft. Now the platform has 30,000 creators, 90,000 mods and add-ons, and 18 million monthly users. Overwolf has experienced 300% growth in the last year as the market for content around games rises.
Overwolf is developing the holy grail of frameworks for UGC for both publishers and in-game creators. Enabling all major publishers like us, to allow the creation of mods in a safe, secure, authorized, and profitable manner; is a game-changer for all creators and IP holders
With CurseForge Core, Overwolf manages content moderation, UGC-related live ops, and creator payment. That lets game developers access community-created content easily without incurring additional costs. CurseForge Core enables cross-platform modding, an analytics dashboard, safe and secure moderation, creator relations and payment, and events like contests and hackathons.