Epic Games, the developer of the popular video game “Fortnite”, has a value of 17.3 billion US dollars after its last financing round.
The California-based software developer and publisher, which was founded in 1991, announced on Wednesday a $ 1.78 billion financing round, which according to a statement will consist of purchases of primary capital and employees.
Best selling video games in the US
“Supporting executives in the financial world accelerates Epic̵
The financing includes a previously known strategic investment of $ 250 million from Sony Corp., which announced Tuesday that April-June profits rose 53 percent as the coronavirus pandemic restrictions and lockdown increased Keeping people at home, which led to increased use of video games.
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The Tokyo-based company posted profits of $ 2.2 billion in the first quarter of 2020, up from $ 1.3 billion in 2019.
Other investment partners include Baillie Gifford, BlackRock, Fidelity Management & Research Company LLC, Lightspeed Venture Partners, the Ontario Teachers’ Pension Plan Board, T. Rowe Price Associates Inc. and David Tepper, the company said in a press release.
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“Fortnite” is one of the most popular video games in the world with more than 350 million accounts. Epic also operates Unreal Engine, a 3D creation tool for developers.
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