Epic Games is a company founded in 1991, well before Google, Facebook, or even Amazon. However, it will be necessary to wait until July 25, 2017, and the release of the Fortnite license, for the development studio and video game distributor to finally be known at its fair value to the general public. No need to review the success of Fortnite, a game which in March 2019 exceeded the bar of 250 million players.
Today, if Epic Games still tend to place Fortnite at the center of its activities, the American studio seems to have even more ambitions. Fortnite is no longer the only successful license held by Epic, since since May 2019 the company has formalized the takeover of the Psyonix studio which develops Rocket League in particular. A few months later, in August 2020, Epic Games realizes a beautiful fundraising of 1.78 billion dollars.
A new fundraising, with new objectives
This week, always with the objective of developing more and more new projects, Epic Games has just formalized an additional fundraising to the tune of one billion dollars. Among the many investors around this table, the studio notably received funding of $ 200 million from Sony Group Corporation. Through this important participation, Sony encourages Epic Games to accelerate the creation of connected social experiences based on the concept of “Metaverse”, a fictional virtual world described in the novel Snow Crash by Neal Stephenson.
Following this funding round, Epic Games is now valued at $ 28.7 billion. Tim Sweeney, CEO and Founder of Epic Games said in a statement: “Their investments will help accelerate our work around creating connected social experiences in Fortnite, Rocket League and Fall Guys, while empowering game developers and creators with Unreal Engine, Epic Online Services and Epic Games Store.”
In parallel with this, Epic Games continues its fight against the “monopoly” of Apple, and more particularly of the App Store.