10-29-2018, 12:16 PM
Epic Games secures $1.25 billion from multiple investors
![[Image: epic-games-secures-1-25-billion-from-mul...estors.jpg]](http://www.sickgaming.net/blog/wp-content/uploads/2018/10/epic-games-secures-1-25-billion-from-multiple-investors.jpg)
Epic Games, the engine maker and game developer-publisher behind 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’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.
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.”
The news comes shortly after Epic announced the opening of a new office in Australia and New Zealand, though again, the company is keeping its plans for the new branch under wraps for now.
Epic Games, the engine maker and game developer-publisher behind 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’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.
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.”
The news comes shortly after Epic announced the opening of a new office in Australia and New Zealand, though again, the company is keeping its plans for the new branch under wraps for now.