Epic Games Announced A $1.78 Billion Funding Round

Unreal Engine developer announced a new funding round.

Epic Games unveiled a $1.78 billion round of funding including primary capital and secondary purchases from employee equity holders. The company's post-money equity valuation is set at $17.3 billion.

The team noted that the new round includes a $250 million strategic investment from Sony. Baillie Gifford, funds and accounts managed by BlackRock, Fidelity Management & Research Company LLC, Lightspeed Venture Partners, Ontario Teachers’ Pension Plan Board, funds and accounts advised by T. Rowe Price Associates, Inc., and David Tepper also invested. 

"Having the support of leaders in the financial community accelerates Epic’s efforts to build a new kind of digital ecosystem using real-time 3D technology, services that connect hundreds of millions of people, and a digital storefront that offers a fair business model. We are delighted to have them as part of the Epic family," said Tim Sweeney.

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