Epic Games announced that it raised $2 billion in its recent funding round to further boost the company’s vision of building the metaverse.
The funding round includes investment from the companies like Sony group and KIRKBI. KIRKBI is the investment company behind Lego. Each of these companies is investing $1 billion.
Epic Games to bridge the gap between the digital and physical worlds
Epic Games, Sony, and Lego collaboratively value both the players and creators. They envision creating and improving social entertainment that can explore the connection between the physical and digital worlds.
Epic Games’ vision is primarily framed by its CEO and founder, Tim Sweeney.
“As a creative entertainment company, we are thrilled to invest in Epic to deepen our relationship in the metaverse field, a space where creators and users share their time.”
Kenichiro Yoshida, Chairman, President and CEO, Sony Group Corporation
He also added that they are confident in the expertise of Epic, which includes their powerful game engine. He believes that combining that with Sony’s technologies can boost the development of new digital fan experiences and virtual product initiatives.
“Epic Games is known for building playful and creative experiences and empowering creators large and small.”
Søren Thorup Sørensen, CEO, KIRKBI
Kirkbi’s CEO said that most of its investments focus on impacting the future world our children and we will live in. He added that the investment would also be an additive to boost its digital play with a long-term focus on metaverse.
“As we reimagine the future of entertainment and play we need partners who share our vision. We have found this in our partnership with Sony and KIRKBI.”
Tim Sweeney, CEO and Founder, Epic Games
He added that the investment would help it speed its efforts to construct the metaverse and create areas where gamers can have fun with their friends, companies can offer innovative and immersive experiences, and artists can prosper.
Epic is currently valued at $31.5 billion in post-money equity.