Epic Games Is Now Worth $17.3 Billion Following A $1.78 Billion Funding Round
https://wccftech.com/epic-games-is-now-worth-17-3-billion-following-a-1-78-billion-funding-round/
Video game and software developer Epic Games has been rumored to be looking for new funding as demand for its products rises in the post-pandemic global environment. Lockdowns and social distancing measures all over the globe have increased the demand for software-based, stay-at-home entertainment mediums such as video games. Epic's Fortnite Battle Royale, developed in response to Players Unknown's Battleground (PUBG) multiplayer battle royale video game propelled the company's valuation beyond the coveted $1 billion mark.
Now, through a latest funding round, the game developer is soaring to even higher heights which make $1 billion appear like chump change. Epic Games has confirmed today that it has successfully raised $1.78 billion in a new funding round that has pushed the company's post-money equity value to $17.3 billion.