{"id":58032,"date":"2018-10-26T15:32:00","date_gmt":"2018-10-26T15:32:00","guid":{"rendered":"http:\/\/www.gamasutra.com\/view\/news\/329467"},"modified":"2018-10-26T15:32:00","modified_gmt":"2018-10-26T15:32:00","slug":"epic-games-secures-1-25-billion-from-multiple-investors","status":"publish","type":"post","link":"https:\/\/sickgaming.net\/blog\/2018\/10\/26\/epic-games-secures-1-25-billion-from-multiple-investors\/","title":{"rendered":"Epic Games secures $1.25 billion from multiple investors"},"content":{"rendered":"<p>Epic Games, the engine maker and game developer-publisher\u00a0behind <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>\n<p>It&#8217;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.\u00a0<\/p>\n<p>The company didn&#8217;t specify exactly how the cash will be spent. Instead, Epic (rather vaguely) suggested it&#8217;ll be looking to\u00a0&#8220;reinforce its position of leadership in real-time 3D technology,&#8221; while also accelerating its ability to &#8220;improve the way people play, work, and interact with the world.&#8221;\u00a0<\/p>\n<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\u00a0new office in Australia and New Zealand<\/a>, though again, the company is keeping its plans for the new branch\u00a0under wraps for now.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Epic Games, the engine maker and game developer-publisher\u00a0behind Fortnite, has secured $1.25 billion in funding from investors KKR, ICONIQ Capital, Smash Ventures, aXiomatic, Vulcan Capital, Kleiner Perkins, and Lightspeed Venture Partners. It&#8217;s a deal that will see each of those investors join Tencent, Disney, and Endeavor as minority shareholders in Epic, which continues to be [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":58033,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-58032","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/58032","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/comments?post=58032"}],"version-history":[{"count":0,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/58032\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media\/58033"}],"wp:attachment":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media?parent=58032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/categories?post=58032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/tags?post=58032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}