Epic Games announced on Tuesday (13) that it has completed a round of investments worth $1 billion. This made the company valued at $28.7 billion.
Among the main investors at the time is Sony Group Corporation , which injected US$ 200 million into the company.
According to Epic, the contribution of the partnership is strategic, as the companies already have a long-standing relationship, and reinforces the “shared mission of advancing the state of the art in socially connected technology, entertainment and online services”, says the company, in an official note.
The amount raised by Epic in the round will be applied to its business growth plan.
Resources should also be injected into building “connected social experiences across ‘Fortnite’, ‘ Rocket League ‘ and ‘Fall Guys’, while empowering game developers and developers with Unreal Engine, Epic Online Services and the Epic Games Store,” he said. the company’s founder and CEO, Tim Sweeney.
Appaloosa, Baillie Gifford, Fidelity Management & Research Company LLC, GIC, funds and accounts advised by T. Rowe Price Associates, among other companies, also participated in the investment round.
pandemic and isolation
The battle fought with Apple a few months ago – still unresolved – doesn’t seem to worry Epic Games, which is experiencing one of the best moments, especially with the social isolation, which has caused more people to spend more time at home, playing games.
During 2020, Epic reported a huge increase in the user base, in a move the company called “historic growth in engagement at all levels.”
See too!
- To catch Steam, Epic Games loses $330 million
- Fortnite case: for Apple, Epic Games started the battle unfairly
- Epic Games buys ‘Fall Guys’ creator studio
On desktops, the company reported more than 160 million players and a 192% growth in daily active users – or 31.3 million.
In monthly terms, the number of active users increased from 32 million in December 2019 to 56 million in the same period in 2020.
The Epic Games Store also presented interesting returns for the brand. In 2020, in-store PC customers shelled out more than $700 million, with 37% of that amount for games from third-party developers.
“Last year, the Epic Games Store community played 70% more hours, with a total game time of 5.70 billion hours, compared to 3.35 billion hours in 2019,” the company said in a statement. released in January this year, with the balance of achievements during the pandemic period.
Via: Epic Games