Epic Games has raised a massive amount of funding—$1.25 billion—from a series of new investors including Microsoft co-founder Paul Allen’s Vulcan Capital, esports group aXiomatic, and five others.
Fortnite: Battle Royale is the most popular game in the world right now. The free-to-play game has driven Epic to the forefront of the industry, and others are cashing in. KKR, ICONIC Capital, Smash Ventures, Kleiner Perkins, and Lightspeed Venture Partners join Vulcan Capital and aXiomatic as minority shareholders in Epic, which is owned and “controlled” by CEO Tim Sweeney.
