I started my own business in my bedroom when I was 16, and just sold it for £22MILLION

A SAVVY entrepreneur who started his own business from his bedroom when he was just 16 years old has now sold it for a sizeable £22million.

Lee McNeil started up his tech company Tebex which began life as an online platform selling products for the Minecraft video game from his home in Bulwell, Nottinghamshire.

He later branched out into other games such as Grand Theft Auto V and Rust, going on to process payments of more than £380m.

Mr McNeil's business, which is based in Queensbridge Road, has now been acquired by software firm Overwolf for almost £22m.

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.

It's a move Mr McNeil thinks will ensure Tebex can expand even further.

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“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," he said.

"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."

Based in Tel Aviv, Israel, Overwolf is a software platform designed to help developers create extensions for video games. It is thought to have more than 95,000 creators and 31 million monthly active users.

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Uri Marchand, CEO at Overwolf, said: “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."

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