Fortnight’s Developer is Worth $ 15 Billion After the Last Financing

Afik James raised $ 1.25 billion from a number of new investors. Among them are Kleiner Perkins, KKR and Lightspeed Venture Partners, who do not invest in gaming.

Epic Games, the successful game developer Fortnite, is now worth about $ 15 billion, according to the Wall Street Journal report from the end of the week. The new valuation is based on its latest financing round, which is estimated at $ 1.25 billion. Among the investors are several entities that do not invest in gaming, such as Kleiner Perkins, KKR and Lightspeed Venture Partners. At the same time, aXiomatic, which maintains Team Liquid activity in the field of competitive gaming.

The investments were based in part on the sale of the holdings of existing investors, but none of them was disclosed. 48% of Make-A-Gems is held by the Chinese company Tencent, which said it bought the stake for $ 330 million in 2012. Walt Disney also invested in the company, but it is not known how much it holds. Fortnite became its first global hit and spurred it to the top of the gaming giant by virtue of it.

At the same time, Afik James is not new in the field. The company has been responsible for two of the most important gaming titles in the past 20 years. The first, Unreal, launched in 1998, is considered one of the fathers of the genre of shooting games in the first person. He was one of the first titles to allow players to play in parallel with what is now called Multiplayer Arena deathmatches. His graphics engine was also sold for other key  games and served as the basis for many other popular titles of the company.

 

The second title that established its status as a game developer for Microsoft’s Xbox and consoles in general is Gears of War, launched in 2006 and a hit among console users. The game was the best-selling game on the Microsoft platform that year and 3 million of it sold in the 10 weeks following the launch. An unprecedented number of fourth generation consoles (Xbox 360 and Playstation 3) at the time. Microsoft later acquired the rights and is now being developed by Redmond Games Studios.

At the same time, Afik James is not new in the field. The company has been responsible for two of the most important gaming titles in the past 20 years. The first, Unreal, launched in 1998, is considered one of the fathers of the genre of shooting games in the first person. He was one of the first titles to allow players to play in parallel with what is now called Multiplayer Arena deathmatches. His graphics engine was also sold for other key game games and served as the basis for many other popular titles of the company.

The second title that established its status as a game developer for Microsoft’s Xbox and consoles in general is Gears of War, launched in 2006 and a hit among console users. The game was the best-selling game on the Microsoft platform that year and 3 million of it sold in the 10 weeks following the launch. An unprecedented number of fourth generation consoles (Xbox 360 and Playstation 3) at the time. Microsoft later acquired the rights and is now being developed by Redmond Games Studios.

Hülya Karahan:The Founder

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