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Epic Games raises $1.25 billion in funding from seven new investors

Date Type Companies involved Size
October 26th, 2018 investment Epic Games $1,250m
Epic Games raises $1.25 billion in funding from seven new investors

Fortnite developer Epic Games has gained $1.25 billion in funding from seven new investors.

The funding parties include KKR, ICONIQ Capital, Smash Ventures, aXiomatic, Vulcan Capital, Kleiner Perkins and Lightspeed Venture Partners.

These companies hold interests in a wide range of fields including technology, entertainment, professional sports, esports, and live events.

New investors join big names like Tencent, Disney and Endeavour as minority stake owners in Epic Games, which remains under Epic CEO Tim Sweeney’s control.

It's not completely clear immediately what Epic will use the funds for, though it will likely go toward development of Unreal Engine. There also remains the option for M&A activity if the company is looking to rapidly expand.

This full version of this story originally appeared over on PocketGamer.biz.


Staff Writer

Natalie Clayton is an Edinburgh-based freelance writer and game developer. Besides PCGamesInsider and Pocketgamer.biz, she's written across the games media landscape and was named in the 2018 GamesIndustry.biz 100 Rising Star list.

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