Epic Games, maker of smash hit 'Fortnite,' raises $1.25 billion from VCs and real-world sports backers
by Sam Dean, Los Angeles Times
Oct 27, 2018
3 minutes
Epic Games, the maker of the wildly popular online battle royal game "Fortnite," announced Friday that it had raised $1.25 billion from a group that included several big-name sports team owners.
The financing comes as investment in e-sports and the video game industry continues to rise, with nearly $700 million pouring into e-sports businesses alone in just the first half of the year.
The Epic Games investment mostly came from a mix of large venture capital firms such as Kleiner Perkins
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