All-in-one platform spends $29 million buying up private game server monetisation specialists.
March 15, 2022
[This unedited press release is made available courtesy of Game Developer and its partnership with notable game PR-related resource Games Press]
Author: Overwolf
6:30am PST Embargo
Tel Aviv, Israel — March 15, 2022 — Overwolf, the all-in-one platform that enables creators to build, share, and monetize in-game apps and mods, today announced the acquisition of Tebex, a platform that allows creators to monetize private game servers, for $29 million USD. The acquisition supports Overwolf’s overall mission to unite the in-game creator community and empower them to make a living doing what they love.
Tebex provides an end-to-end solution for game studios and creators looking to monetize private servers, which spans from managing the creation of webstores to game servers receiving payouts. The company is the industry standard solution for twelve games including Minecraft, ARK: Survival Evolved and Rust. Since its inception, Tebex has helped creators earn over 500M USD using its monetization platform, with 10.5M USD being paid out to creators in December 2021 alone.
Through this acquisition, Overwolf expands into a new creator category - private server owners and creators. Apart from growing this category, the move is synergetic with CurseForge Core, Overwolf’s “mods as a service” offering to game studios. Tebex will continue to operate as a business unit within Overwolf and continue to maintain, build and innovate on its offering to its existing customers.
“From the moment we first met the team at Overwolf it was apparent of their dedication to the UGC market and ensuring creators get paid for their hard work. Joining Overwolf enables Tebex to expand its offerings to more game servers, publishers, and more importantly, allows us to further grow the communities of our existing game servers. Their commitment to helping us grow the game server industry will push Tebex into our next growth chapter,” shared Tebex CEO, Lee McNeil.
“Tebex shares in our unwavering commitment of identifying ways to support gaming communities and game studios who want to empower in-game creators that create content on top of their games. As long-time champions of in-game app creators and mod authors, we are excited to work with a new creator category - server owners - to continue to build new experiences in the industry. By combining our industry-leading operations with Tebex’ technology and passionate team, we'll be able to reach more creators and help them earn a sustainable income for their work,” commented Uri Marchand, Overwolf CEO.
About Tebex
Tebex (previously Buycraft) is a checkout and payments platform in the gaming industry. We work with modders, publishers and studios, simplifying managing much of the payments process including global payments acceptance, fraud, chargebacks, sales tax, compliance and more.
About Overwolf
Overwolf is the guild for in-game creators. With over 95,000 creators and 31 million monthly active users, Overwolf is the all-in-one platform that enables creators to build, distribute, and monetize in-game apps and mods. Built for creators by creators, Overwolf is on a mission to unite the in-game creator community and empower them to make a living doing what they love - developing truly awesome gaming experiences. Based in Tel Aviv, Overwolf has raised over $150 million to date from investors including Andreessen Horowitz, Atreides Management,
Griffin Gaming Partners, Insight, Marker, Intel Capital, Liberty Technology Venture Capital, Market and Ubisoft.
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