Categories: world

Pokemon Go Dev can host $ 3.9 billion after new funding report

Pokemon Go Developer Niantic Labs began his life as a Google subsidiary, but the company spun out in 2015, reaching a new successful stratospheric launch with Pokemon Go in July 2016. The San Francisco-based developer is still growing, with a new report claiming the company is working to secure a $ 200 million funding. According to the Wall Street Journal sources, the additional $ 200 million would raise the company's total valuation to $ 3.9 billion. The latest financing round is expected to be led by the venture capital company IVP, with more money coming from Samsung and aXiomatic Gaming. There is no word about what the 200 million dollar round of funding was going against Niantic, but the studio has a new Harry Potter game in the work, in addition to the ongoing support for Pokemon Go. The WSJ report says that Niantic could work for "other franchises", but no one is named. Niantic's new Harry Potter game, Wizards Unite, was initially expected in 201 8, but it was later delayed in 2019. Not much is known about the game, but it is said to use a similar enhanced reality set-up that Niantic beat gold for Pokemon Go. Pokemon Go is free, and it provides money through microtransactions in the game. While the game may not be as popular as it once was, it still makes a lot of money. In November, the game hit $ 80 million worldwide from its microtransactions on iOS and Android, according to a…

Pokemon Go Developer Niantic Labs began his life as a Google subsidiary, but the company spun out in 2015, reaching a new successful stratospheric launch with Pokemon Go in July 2016. The San Francisco-based developer is still growing, with a new report claiming the company is working to secure a $ 200 million funding.

According to the Wall Street Journal sources, the additional $ 200 million would raise the company’s total valuation to $ 3.9 billion. The latest financing round is expected to be led by the venture capital company IVP, with more money coming from Samsung and aXiomatic Gaming.

There is no word about what the 200 million dollar round of funding was going against Niantic, but the studio has a new Harry Potter game in the work, in addition to the ongoing support for Pokemon Go. The WSJ report says that Niantic could work for “other franchises”, but no one is named.

Niantic’s new Harry Potter game, Wizards Unite, was initially expected in 201

8, but it was later delayed in 2019. Not much is known about the game, but it is said to use a similar enhanced reality set-up that Niantic beat gold for Pokemon Go.

Pokemon Go is free, and it provides money through microtransactions in the game. While the game may not be as popular as it once was, it still makes a lot of money. In November, the game hit $ 80 million worldwide from its microtransactions on iOS and Android, according to a report from SensorTower.

In other news, Pokemon Gos last winter event releases this week. Among other things, you can earn bonuses, hatch eggs, and meet Pokemon from the Sinnoh region. You can learn more about the event in our coverage here.

Share
Published by
Faela