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'Fortnite' Maker Epic Games Gets $28.7 Bn Valuation In Latest Funding

'Fortnite' Maker Epic Games Gets $28.7 Bn Valuation In Latest Funding

04/14/21, 12:26 PM
Bengaluru: Epic Games Inc., which is in the middle of a legal battle with Apple Inc., has raised $1 billion in a funding round that valued the 'Fortnite' maker at $28.7 billion.

Company Info

Company
Epic Games
Additional Info
Fortnite-maker Epic Games announced today that it has raised $2 billion in funding from Sony and Kirkbi, the parent company of the Lego Group, with both companies investing $1 billion each. The companies say they are going to shape the future of the metaverse to make it safe and fun for children while building an immersive digital experience for kids to play in. With this new funding, Epic says all three companies aim to create new social entertainment that explores the connection between digital and physical worlds. There’s no word on what exactly the virtual world would look like or when the two companies plan to launch it.

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