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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Investors in the round include:
- Lightspeed Venture Partners
- Ontario Teachers’ Pension Plan Board
- Baillie Gifford
- Accounts managed by BlackRock,
- Fidelity Management and Research Company
- David Tepper
- Funds and accounts advised by T. Rowe Price and Associates
- KKR (previous investor)
- Smash Ventures (previous investor)
CEO Tim Sweeney said in a statement, “Having the support of leaders in the financial community accelerates Epic’s 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.”
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 $1.3 billion round in October 2018, per Crunchbase.
Epic Games makes games like “Fortnite” and “Infinity Blade,” and offers a collection of tools for game development called Unreal Engine.