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Fortnite-Maker Epic Games Raises $1.78B

Epic Games, the maker of popular video game Fortnite, has raised $1.78 billion in new funding, the company announced Thursday.

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The figure includes the $250 million the company raised from last month, and brings Epic鈥檚 valuation to $17.3 billion, according to a statement from the company.

Investors in the round include:

  • Accounts managed by ,听
  • David Tepper
  • Funds and accounts advised by
  • (previous investor)
  • (previous investor)

CEO Tim Sweeney said in a statement, 鈥淗aving the support of leaders in the financial community accelerates Epic鈥檚 efforts to build a new kind of digital ecosystem using real-time 3D technology, services that connect hundreds of millions of people, and a digital storefront that offers a fair business model. We are delighted to have them as part of the Epic family.鈥澛

The Cary, North Carolina-based company was founded in 1991 but has raised significant sums of venture capital in recent years. Prior to the investment from Sony, its last venture investment was a in October 2018, per 附近上门.

Epic Games makes games like 鈥淔ortnite鈥 and 鈥淚nfinity Blade,鈥 and offers a collection of tools for game development called Unreal Engine.

Illustration:Li-Anne Dias

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