Fortnite developer has completed a $ 1.78 billion round of funding


Fortnite developer Epic Games has completed a $ 1.78 billion investment round – worth $ 17.3 billion. The amount reflects a 19% increase from the value set for the Games channel in the 2018 round and stood at $ 15 billion.

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According to data provided by Bus Games, there are currently 350 million Fortnight players active worldwide. But the company is known not only as the developer of the game but also of gaming-supporting software on which many other companies’ computer games are based.

The current round of fundraising was integrated: some investors purchased new shares issued by the company and some purchased shares from existing shareholders. Sony, which announced a month ago that it intends to participate in the fundraising, did in fact raise the amount it stated – $ 250 million.

Among the other new investors who participated in the round: asset management company Bailey Gilford; A series of funds from the House of Blackrock; Keren H.Fencing Of David Tepper – owner of the Carolina Panthers football team (David Tepper); Fidelity and Lightspeed screenings. Among the existing investors who participated and increased their holdings, the KKR and Smash funds.

“The support of leading figures in the financial community will accelerate Afik’s plans to build a new digital ecosystem, using digital 3D technology and services that connect hundreds of millions of people. We are excited to join Afik’s family,” said CEO and founder Tim Sweeney ( Tim Sweeney) The internet and gaming giant Tencent, which owns a minority stake in Afik, did not participate in the current round.

Tim Sweeney CEO of Bus Games Photo: Yair Sagi


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