Fortnite Developer Just Raised Another Billion Dollars

Epic Games announced Friday that they received an investment of approximately $1.25 billion from KKR, ICONIQ Capital, Smash Ventures, aXiomatic, Vulcan Capital, Kleiner Perkins, and Lightspeed Venture Partners, according to AP.

The funds are meant to create further partnerships in technology, entertainment, esports, and other live events. The investors have now joined Disney, Tencent, and Endeavor as minority shareholders in Epic.

Epic Games continues to be controlled by founder and CEO, Tim Sweeney.

“We’re excited to partner with the finest minds in the financial, sports, and entertainment communities,” Sweeney said in a statement. “This reinforces Epic’s position of leadership in real-time 3D technology, and accelerates our ability to improve the way people play, work, and interact with the world.”

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