The corporates will invest up to $500,000 in developers of game-related apps that can be distributed on Overwolf's app store.

Online game retailer Overwolf and semiconductor and data technology provider Intel have combined to form a $7m fund that will invest in developers of app-based gaming products.

The vehicle will fund the creation of in-game apps that can be distributed on Overwolf’s app store, covering areas such as modifications or in-game services, according to VentureBeat, which reported that the fund will commit $10,000 to $500,000 for each investment.

Overwolf CEO Uri Marchand said: “We continuously look for opportunities to help…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.