Edge raises $30m in Series A
Company aims to expand its team and the scope of its UGC platform Playables
Israeli outfit Edge has raised $30 million in a round of Series A funding to fuel the development of its game content platform, Playables.
The round was led by Corner Ventures, with participation from previous investors Playtika, Stardom Ventures and AnD Ventures.
With the money raised, Edge aims to expand the scope of Playables, a platform that allows players to create customised mini-games from real gameplay uploaded by other users.
"We've built the Edge platform to unlock for the first time the ability to participate in each other's most exciting gameplay moments," said Edge co-founder and CEO Asaf Gazit. "This creates an important new opportunity to form a genuine connection with other gamers. Rather than just watching from the sidelines as a spectator, 'Edgers' [Edge users] can enter, play, and control the content directly to create their own experiences."
Edge also raised $10 million in seed funding at the end of last year in a round led by Playtika, which was used to expand the team and work on the Playables beta.