Fortnite publisher Epic Games has announced that it secured $2 billion in a funding round.
The investment round was backed by existing investors, with Sony Corporation and Lego investor Kirkbi, each investing $1 billion in the round.
According to Epic, the investment will be used to support the company’s ambition to create the metaverse and expand its success.
Tim Sweeney, CEO, and founder of Epic Games, commented: “As we reimagine the future of entertainment and play, we need partners who share our vision. We have found this in our partnership with Sony and Kirkbi. This investment 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.”
“As a creative entertainment company, we are thrilled to invest in Epic to deepen our relationship in the metaverse field, a space where creators and users share their time,” said Kenichiro Yoshida, chairman, president, and CEO of Sony Group Corporation. “We are also confident that Epic’s expertise, including their powerful game engine, combined with Sony’s technologies, will accelerate our various efforts such as the development of new digital fan experiences in sports and our virtual production initiatives.”
“Epic Games is known for building playful and creative experiences and empowering creators large and small,” said Søren Thorup Sørensen, CEO of Kirkbi. “A proportion of our investments is focused on trends we believe will impact the future world that we and our children will live in. This investment will accelerate our engagement in the world of digital play, and we are pleased to be investing in Epic Games to support their continued growth journey, with a long-term focus toward the future metaverse.”
Last week, Epic Games and Lego announced a new long-term partnership to create a children’s focused metaverse. The publisher and toymaker added that they would create a family-friendly digital experience to enable children to become skilled creators.
In other news, Makers Fund had raised $500 million in its third funding round, which the venture capital firm aims to invest in technology and video games startups worldwide.
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