Epic Games Lands $1.25 Billion Investment Round
Amid a week of high-profile investments around the esports industry that included Michael Jordan and Drake, Fortnite creator Epic Games announced its own round an investment of approximately $1.25 billion from companies that include KKR, ICONIQ Capital, Smash Ventures, aXiomatic, Vulcan Capital, Kleiner Perkins, and Lightspeed Venture Partners.
“We’re excited to partner with the finest minds in the financial, sports, and entertainment communities,” said founder and CEO, Tim Sweeney. “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.”
This investment creates powerful partnerships with highly strategic investment firms and individuals at the forefront of technology, entertainment, professional sports, esports, and live events. These investors join Tencent, Disney and Endeavor as minority shareholders in Epic, which continues to be controlled by Sweeney.
“Epic Games has fundamentally changed the model for interactive entertainment under the company’s visionary leadership,” said Ted Oberwager of KKR. “Alongside a special group of investors, we are thrilled to support Epic’s dedicated employees and the passionate community of players and developers that lies at the heart of everything that Epic Games does.”