maker today announced a $1.78 billion funding round at a $17.3 billion valuation. The company said the funding included new capital such as investment as well as secondary purchases from employee equity holders.
Epic Games is the developer and publisher of Fortnite, which has more than 350 million registered players (this doesn’t mean they’re all active). And it’s also the creator of the Unreal Engine, a fundamental toolset for building many games (and increasingly, ).
Additional investors include Baillie Gifford, funds and accounts that Black Rock manages, Fidelity Management & Research Company, Lightspeed Venture Partners, Ontario Teachers’ Pension Plan Board, funds and accounts that T. Rowe Price Associates controls, and David Tepper.
Existing investors KKR and Smash Ventures added to their 2018 investment. It’s