Fortnite' Publisher Epic Games Closes $1.78 Billion Funding Round At $17.3 Billion Valuation - Tubefilter

Epic Games, the publisher behind blockbuster title Fortnite, has announced today a seismic $1.78 million funding round, which it says values the company at $17.3 billion dollars. The round includes a previously-announced $250 million investment from Sony, which gave it a 1.4% stake in Epic, and which execs at the time said paved the way for further collaborations in gaming and across the larger entertainment landscape. Other participants in Epic's latest round include Baillie Gifford, funds and accounts managed by BlackRock, Fidelity Management & Research Company, Lightspeed Venture Partners, the Ontario Teachers’ Pension Plan Board, funds and accounts advised by T. Rowe Price Associates, and David Tepper. Existing investors KKR and Smash Ventures also added to their 2018 investment. Epic, founded in 1991, has now raised a total of $3.6 billion in venture funding, per Crunchbase. “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,” CEO Tim Sweeney, who will retain control of the company after the funding, said in a statement. “We are delighted to have them as part of the Epic family.” Epic Games, the publisher behind blockbuster title Fortnite, has announced today a seismic $1.78 million funding round, which it says values the company at $17.3 billion dollars.

Epic Games, maker of Fortnite, fined $275M for violating children's privacy

Fortnite maker to pay $520 million FTC settlement - The Verge

Epic To Pay Over $500 Million In FTC Settlements Over Fortnite Design Issues

Homepage Feature Archives - Page 213 of 1356 - Tubefilter

The FTC finalizes Epic's $245 million settlement over sketchy Fortnite purchases

Fortnite reportedly will pull in an epic $3 billion profit this year - CNET

Fortnite' Publisher Epic Games Closes $1.78 Billion Funding Round At $17.3 Billion Valuation - Tubefilter

Epic Games unveils $1.78 billion funding round at $17.3 billion valuation

Chart: Fortnite Maker Hits $15-Billion Valuation

Epic Games to Acquire a $17 Billion Valuation Through a New Funding Round

Fortnite' Maker Epic Games Valued at Nearly $32 Billion in Funding Round - WSJ

epic games Archives - Page 2 of 3 - Tubefilter

Epic Games Is Now Worth $17.3 Billion Following A $1.78 Billion Funding Round