Epic Games Announces US$1 Billion Round of Funding to Support Future Growth Opportunities (Metaverse Included)

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By Michael Inouye | 2Q 2021 | IN-6152

 

Epic Games and the Metaverse Secures US$1 Billion Funding Round

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On April 13, 2021, Epic Games announced a US$1 billion funding round, and in a statement within its release, Epic Games CEO Tim Sweeney highlights some of its goals.

We are grateful to our new and existing investors who support our vision for Epic and the Metaverse. Their investment will help accelerate our work around building connected social experiences in Fortnite, Rocket League and Fall Guys, while empowering game developers and creators with Unreal Engine, Epic Online Services and the Epic Games Store.

Investors include Sony (US$200 million), Appaloosa, Baillie Gifford, Fidelity Management & Research Company LLC, and GIC as well as funds and accounts advised or managed by several firms. While the investment to expand social experiences within its gaming properties is fun...

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