10-29-2018, 03:16 PM
Epic Games secures $1.25 billion from multiple investors
<div style="margin: 5px 5% 10px 5%;"><img src="http://www.sickgaming.net/blog/wp-content/uploads/2018/10/epic-games-secures-1-25-billion-from-multiple-investors.jpg" width="200" height="200" title="" alt="" /></div><div><p>Epic Games, the engine maker and game developer-publisher behind <em>Fortnite</em>, has secured $1.25 billion in funding from investors KKR, ICONIQ Capital, Smash Ventures, aXiomatic, Vulcan Capital, Kleiner Perkins, and Lightspeed Venture Partners.</p>
<p>It’s a deal that will see each of those investors join Tencent, Disney, and Endeavor as minority shareholders in Epic, which continues to be led by CEO and co-founder Tim Sweeney. </p>
<p>The company didn’t specify exactly how the cash will be spent. Instead, Epic (rather vaguely) suggested it’ll be looking to “reinforce its position of leadership in real-time 3D technology,” while also accelerating its ability to “improve the way people play, work, and interact with the world.” </p>
<p>The news comes shortly after Epic <a href="http://www.gamasutra.com/view/news/329290/Epic_Games_to_establish_new_office_in_Australia_and_New_Zealand.php">announced the opening of a new office in Australia and New Zealand</a>, though again, the company is keeping its plans for the new branch under wraps for now.</p>
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<div style="margin: 5px 5% 10px 5%;"><img src="http://www.sickgaming.net/blog/wp-content/uploads/2018/10/epic-games-secures-1-25-billion-from-multiple-investors.jpg" width="200" height="200" title="" alt="" /></div><div><p>Epic Games, the engine maker and game developer-publisher behind <em>Fortnite</em>, has secured $1.25 billion in funding from investors KKR, ICONIQ Capital, Smash Ventures, aXiomatic, Vulcan Capital, Kleiner Perkins, and Lightspeed Venture Partners.</p>
<p>It’s a deal that will see each of those investors join Tencent, Disney, and Endeavor as minority shareholders in Epic, which continues to be led by CEO and co-founder Tim Sweeney. </p>
<p>The company didn’t specify exactly how the cash will be spent. Instead, Epic (rather vaguely) suggested it’ll be looking to “reinforce its position of leadership in real-time 3D technology,” while also accelerating its ability to “improve the way people play, work, and interact with the world.” </p>
<p>The news comes shortly after Epic <a href="http://www.gamasutra.com/view/news/329290/Epic_Games_to_establish_new_office_in_Australia_and_New_Zealand.php">announced the opening of a new office in Australia and New Zealand</a>, though again, the company is keeping its plans for the new branch under wraps for now.</p>
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