Epic Games has secured $2 billion in funding to “advance the company's vision of building the metaverse and supporting its continued growth,” the company announced today.
Both Sony Group Corporation and KIRKBI, the investment firm behind Lego, have separately invested $1 billion in Epic, which remains controlled by the company's outspoken CEO, Tim Sweeney. According to Epic Games, the company's post-money equity valuation is currently $31.5 billion.
Sweeney said in an official statement that the partnership and investment with Sony and KIRKBI will “accelerate work on building [Epic Games'] metaversal.” Sony has previously invested in Epic Games, including a $2020 million investment in July 250. According to Crunchbase, Epic Games has raised over $35 billion in 11 rounds of funding from 5 different investors.
The concept of a three-dimensional internet space, the metaverse, has been talked about at length by various gaming and tech giants over the past few years, especially by companies like Facebook (now Meta) and Epic. In today's announcement, Sweeney said he wants to “create spaces where gamers can have fun with friends, brands can create creative-immersive experiences, and where creators can build a community and thrive.”
Just days before this announcement, Epic and Lego partnered to create a virtual experience for kids across the metaverse. announced.
