'Fortnite' Creator Epic Games Raises $1.25 Billion from KKR, Others
Epic Games, the creator of video game sensation “Fortnite”, said on Friday it received $1.25 billion in funding from investors, including KKR & Co Inc (KKR.N), 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.
The tactical tournament game, whose first version was released in 2017, 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.
Epic Games is valued at almost $15 billion as part of the new investment round, the Wall Street Journal on Friday, citing people familiar with the matter.