Technology

Epic raises $2B at a nearly $32B valuation to build its kid-friendly metaverse

Epic raises $2B at a nearly $32B valuation to build its kid-friendly metaverse

Fortnite-maker Epic Games announced today that it has raised $2 billion in funding from Sony and Kirkbi, the parent company of the Lego Group, with both companies investing $1 billion each. This latest funding round gives Epic a money equity valuation of $31.5 billion. Epic says the new funding will go toward its efforts to build its kid-friendly metaverse and will also support its continued growth.

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