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‘Fortnite’ creator Epic Games announces $1.25 billion in investments



Fortnite High Stakes
creator Epic Games is setting investment

“Fortnite:Battle Royale”/Epic

  • “Fortnite” creator Epic
    Games has announced $1.25 billion in new funding from multiple
  • The announcement marks the largest ever investment in a
    video game company, according to PitchBook.

  • Fortnite” is the most popular video
    game in the world, with nearly 80 million players per
  • The Unreal Engine, Epic’s game
    design software suite, has been used by a variety of developers
    to create hundreds of games since 2001.

Epic Games has announced $1.25 billion in new investments, the
largest ever funding round for a video game company, according to

Epic is the creator of “Fortnite,” the most popular video game in
the world, and also creates development software used by major
game studios and indie developers alike. According to a press
release from Epic, the new investors include KKR, ICONIQ Capital,
Smash Ventures, aXiomatic, Vulcan Capital, Kleiner Perkins, and
Lightspeed Venture Partners. They will join Disney, Tencent, and
Endeavor as minority stakeholders.

Epic founder and CEO Tim Sweeney will retain control of the

“We’re excited to partner with the finest minds in the financial,
sports, and entertainment communities. 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,” Sweeney said in the press release.

“Fortnite” continues to see surging success, celebrating 80 million players during August
. The game’s popularity has led to exclusivity deals with
Samsung, licensing deals with Nerf and Hasbro,
and even made Sony change its policy for
cross-platform play

“Fortnite” is free to play on the vast majority of gaming
platforms, but earns revenue through micro-transactions. The game
reached a monthly record of $318 million in revenue during
May 2018, and Epic has committed to developing a competitive
community for “Fortnite” with a promise to invest $100 million in

Beyond publishing major titles like “Fortnite” and “Gears of
War,” Epic Games creates game design tools for other
. Now in its fourth iteration, Epic’s Unreal Engine
design suites have been used to create hundreds of games since

Epic’s $1.25 billion investment round is the largest ever for a
video game company. The previous high was $550 million, raised by
Sea Limited in May 2017, according to Pitchbook data. Sea Limited
is a Singapore-based company providing an online gaming
portal for Southeast Asia.

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