Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
March 21, 2019
arrowPress Releases







If you enjoy reading this site, you might also want to check out these UBM Tech sites:


Epic Games secures $1.25 billion from multiple investors

Epic Games secures $1.25 billion from multiple investors

October 26, 2018 | By Chris Kerr




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.



Related Jobs

Giant Enemy Crab
Giant Enemy Crab — Seattle, Washington, United States
[03.20.19]

Gameplay Engineer
Embodied Inc.
Embodied Inc. — Pasadena, California, United States
[03.20.19]

Junior Scripter
Disbelief
Disbelief — Chicago, Illinois, United States
[03.20.19]

Senior Programmer, Chicago
Disbelief
Disbelief — Chicago, Illinois, United States
[03.20.19]

Junior Programmer, Chicago









Loading Comments

loader image