Sunday, December 22

Tag: Epic games

Top 5 Funding of The Week (22nd Oct – 27th Oct)
27Oct By Gauri SinghNo Comments
FUNDING

Top 5 Funding of The Week (22nd Oct – 27th Oct)

Funding activities have been growing a lot for a long time and with more and more startups coming in operation, the investors are also getting a boost. The last week saw a good number as well as the amount of fundraising activities in which various important companies took part. The company that raised the maximum amount of funds this week was Epic Games, the company that created video game sensation “Fortnite”. It raised $1.25 billion in funding from investors including KKR & Co, Iconiq Capital and Smash Ventures. This funding round has been one of the highest valued ones in a long time. Let us now have a look on the top five funding activities of the week.       1) VideoKen   Artificial intelligence-powered video-learning platform VideoKen ...
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Gaming Company Epic Games Secures $1.25Bn from KKR, others
27Oct By Gauri SinghNo Comments
FUNDING

Gaming Company Epic Games Secures $1.25Bn from KKR, others

Epic Games, the company that created video game sensation "Fortnite" has secured funds amounting to $1.25 billion in funding from investors, including KKR & Co, Iconiq Capital and Smash Ventures. "Fortnite," a sort of hybrid of "The Hunger Games" and "Minecraft," drops 100 people onto an island to fight each other for survival. It is a tactical tournament game, whose first version was released in 2017. The game has been called an industry "game-changer" by analysts as it signed up tens of millions of users for its last-player-standing "Battle Royale" format. According to the reports of the Wall Street Journal, Epic Games has been valued at almost $15 billion after the new investment round. The company counts Tencent, Walt Disney and Endeavor among its minority shareholders, was esti...
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