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Sony invests the $1 Billion Funding Round and invests $200 million in Epic Games

Sony and Epic Games are further strengthening their already close relationship as the japanese company invests another $200 million in a recent funding round. The latest $1 billion funding round has valued Epic Games at $28.7 billion.

Sony invests $200 million in Epic Games

Sony invests $200 million in Epic Games

It is less than a year that Sony has invested again in Epic Games. Epic Games recently announced that the japanese company has invested another $200 million as part of $1 billion. There were more than a dozen investors that took part in the funding round. This has now valued the Fortnite developer to a whopping $28.7 billion. A figure that even Epic Games didn’t expect is 10 billion more than the estimated value.

After the successful funding round, Epic Games’ controlling shareholder is still Tim Sweeney. In a press release soon after, Epic Games CEO Tim Sweeney said that the funds will be used to “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.”

[novashare_tweet tweet=”Epic is getting massive investment, another 200 million dollars to keep on growing! #metaverse” cta_text=”Epic is on a roll! Another 200 mio dollars investment. Where does it stop?” hide_hashtags=”true”]

Last year July, the japanese company invested $250 million in Epic Games and it is less than a year that Sony invested again. At the time of previous investment, the japanese company bought a 1.4 percent stake in Epic Games; this means that its value was $17.86 billion.

Sony Starts Its Trial Video Streaming Service - Sony invests

Sony Starts Its Trial Video Streaming Service – Sony invests

Sony CEO Kenichiro Yoshida shared his thought on the occasion, “Company is excited to strengthen our collaboration to bring new entertainment experiences to people around the world.”

Sony Invests!

Sony and Epic Games are going hand in hand, Epic Games has used the PS5 console to show the prowess of its next-gen Unreal Engine 5 gaming engine. Moreover, both Sony and Epic also collaborated on PS5’s storage architecture. Tim Sweeney said, “We’ve been working super close with the japanese company for quite a long time on storage.”

The interesting thing here is that this increase in valuation has happened amid Epic spending millions on free games and an ongoing legal feud with Apple.

Reinout te Brake

In a career spanning across 20+ years, Reinout te Brake has raised over 100+ Million Euros in Fundraising for a diversity of companies and has worked with several venture capitals firms. Helping gaming companies expand their brand reach, get the right story telling and make an impact on a global scale. Reinout te Brake has had the honor to counsel some of the major gaming companies operating on a global scale. For the last 12 years, he has devoted his major focus towards the niche of gaming consultancy to provide his insight and expertise to help gaming companies reach outstanding financial and business results.