Pokemon GO Creator Niantic Raises $190 Million In Fresh Funding

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Niantic

Niantic, The mobile game company which has created Pokémon GO has raised $190 million in fresh funding round as per their latest SEC filing. Notably, Wall Street Journal had reported that the firm was looking to raise about $200 million from a clutch of investors that include IVP, aXiomatic Gaming and Samsung.

The latest financing takes the total amount raised by the company to $415 million where the other backers are the likes of Founders Fund, Spark Capital and Alsop Louie Partners. Interestingly, as per the SEC details, the round was closed last month itself. The fresh round of investment takes the valuation of the firm to about $4 billion.

Notably, the company is developing a game on Harry Potter which is titles Harry Potter: Wizards Unite where it has partnered with Warner Bros. The game as per the details will be launched around in the coming few months after missing the initial date of late 2018. The game will have similar plots like Pokemon GO where the players can explore the neighborhood and stuff like that.

Niantic was started in 2010 by John Hanke, Phil Keslin. It counts top name like IVP (Institutional Venture Partners), Samsung Electronics, You & Mr. Jones Brandtech Ventures among the investors.

As long as Pokemon GO is concerned, the game helped the firm pocket around $796 million in revenue worldwide during the last year which was a 35% surge than the earlier year. While most of the income came from the US but the Japanese fans of the game were not far behind in terms of helping the company make money.

 

Image Courtesy : wccftech

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