Epic Funding!

Epic Games receives $250m from Sony Corporation - Best Video Gaming News 2021Pin

Epic Funding And Epic Future!

Epic Games is now valued at $17.3 billion after concluding an epic funding deal of $1.78 billion. This investment came in the form of primary capital as well as secondary purchases. To put it simply, some investors bought new shares while others bought shares from existing shareholders.  Epic Games disclosed that the investment also included a strategic investment of $250 million from Sony, which was announced last month.

Epic Funding And Epic Future!Pin
Epic Funding And Epic Future!

The investors that bought into the company are; Fidelity, fund, and accounts managed by BlackRock, Baillie Gifford, Light Speed Venture Partners, the Ontario Teacher’s Pension Plan Board, and Hedge fund manager David Tepper among others. Some of the existing backers also increased their holdings.

Epic Games founder and CEO Tim Sweeney was delighted to have the support of leaders of the financial community and welcomed them as part of the Epic family.

In the multi-billion dollar gaming industry, Epic Games is now a force to be reckoned with thanks to the sustained popularity of Fortnite. The number of active players in Fortnite has now reached 350 million, a top revenue driver for the company despite its free to play model. The in-game purchases and payments for cosmetic items like skins are the only method that involves direct money.

Besides Fortnite’s game, the company also owns and is famous for its Unreal Engine which is being used by many top developers. Moreover, the company also competes with Valve’s Steam by running an online gaming store.

Epic Games was worth $15 billion in 2018 and if we compare its current status its $17.3 billion accounts for a 15% rise in its valuation. With such a huge revenue, it is still unclear whether the company has any plans to further expand and go public.

About PodcastGameConsultant.com;

Reinout is a games investor and strategic business consultant specializing in the games industryReinout established his credentials through his own successful investments, start-ups, consulting and (advisory) board positions that led through time to strong bonds with key stakeholders in this fast paced industry. He is known for his outstanding results in the gaming industry. He has worked with many game studios around the globe and is therefore well known in the international gaming industry.

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With over 20+ years of experience, well known publishers, AAA+ game developers, serial gaming entrepreneurs and management teams of gaming corporations consult him on matters that behold financial, technical, operational, strategic and commercial.

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I am observing and overseeing several boards of gaming companies. My trademark is to listen, strategize and give feedback to the stakeholders involved. I also represent management/founders towards shareholders and vice versa.

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