Epic Games is already printing money thanks to Fortnite’s ongoing success, but investors are keen to pour more in. Yesterday, the company announced a $2bn funding round, with a billion apiece from Sony Group Corporation (Sony Music’s parent company) and KIRKBI (the owner of Lego).
These are both existing relationships: Sony is already an investor in Epic Games, while Lego recently teamed up with the company to build a new metaverse for children.
According to Epic Games, the new funding values the company at $31.5bn, with CEO Tim Sweeney saying it will “accelerate our work to build the metaverse and create spaces where players can have fun with friends, brands can build creative and immersive experiences and creators can build a community and thrive”.
And it may come in handy if Epic Games continues its long-running (and expensive) legal battle with Apple, too…