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Fortnite maker Epic Games could be about to embark upon a new funding round that would see the company valued at over $15 billion.

Chris Kerr, News Editor

April 22, 2020

1 Min Read

Fortnite maker Epic Games could be about to embark upon a new funding round that would see the company valued at over $15 billion. 

As reported by Bloomberg, Epic is looking to raise between $500 million to $1 billion and has already brought in a financial adviser to oversee proceedings. 

People familiar with the matter claim the company is seeking a valuation that "would be significantly higher than $15 billion," but noted that its plans are still in a state of flux.

Although it's perhaps best known by many as the studio behind Fortnite, Epic also owns the popular video chat app Houseparty, Unreal Engine, and the Epic Games Store digital marketplace. 

It also recently announced the formation of a new multi-platform game publishing label, backed by notable names including The Last Guardian developer genDesign, Limbo creator Playdead, and Control maker Remedy.

About the Author(s)

Chris Kerr

News Editor, GameDeveloper.com

Game Developer news editor Chris Kerr is an award-winning journalist and reporter with over a decade of experience in the game industry. His byline has appeared in notable print and digital publications including Edge, Stuff, Wireframe, International Business Times, and PocketGamer.biz. Throughout his career, Chris has covered major industry events including GDC, PAX Australia, Gamescom, Paris Games Week, and Develop Brighton. He has featured on the judging panel at The Develop Star Awards on multiple occasions and appeared on BBC Radio 5 Live to discuss breaking news.

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