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Griffin Gaming Partners and Insight Partners led a $53m funding round in Overwolf.

Synopsis

Griffin Gaming Partners, a venture capital firm singularly focused on investing in the global gaming market, and Insight Partners, a venture capital and private equity firm, led a $53m funding round in Overwolf, an all-in-one platform that enables creators to build, distribute, and monetize in-game apps and mods. Other investors include Ubisoft, Warner Music, Meg Whitman, Kevin Chou, Marker, Intel Capital, Liberty Technology Venture Capital, and Atreides Management. “Similar to how developers use Unity to build a game, we see Overwolf as the framework for everything UGC related to games. Overwolf allows for one of the only means of monetization for the thousands of creators, in turn, this translates to increased engagement for the publishers and more content for gamers. Services like Overwolf set the stage for the industry to see a new generation of user-generated content and we are excited to invest in the leading company moving this space forward,” Nick Tuosto, Griffin Gaming Partners Co-Founder.

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