The developer behind Fortnite has seen its value increase further after raising almost $2 billion in a new round of funding. Epic Games, which is also behind the increasingly ubiquitous Unreal Engine, is now valued at $17.3 billion.
Part of the new funding comes in the form of a $250 million investment from Sony, which we reported on last month. Other investors in this latest funding round include Baillie Gifford, Fidelity, Lightspeed and David Tepper.
KKR and Smash Ventures, which already held shares in the company, increased their holdings in the funding round as well.
“Having the support of leaders in the financial community accelerates Epic’s efforts to build a new kind of digital ecosystem using real-time 3D technology, services that connect hundreds of millions of people, and a digital storefront that offers a fair business model. We are delighted to have them as part of the Epic family," said Epic CEO Tim Sweeney in a statement released earlier today.
In the past two years Epic has seen a 19% increase in its value. With more than 350 million people playing Fortnite, the Epic Store seeing more than 60 million people visiting every month and Unreal Engine 5 on the way Epic is currently going from strength to strength.