Pokémon Go creator Niantic has raised a brand new $ 200 million in funding, studies The Wall highway Journal. The sequence B carry changed into led by way of Spark Capital, and contains participation from Founders Fund, Meritech, Javelin challenge Capital, You & Mr. Jones and NetEase, Inc. Spark accomplice Megan Quinn is also becoming a member of Niantic’s board as a part of the new financing deal.
Niantic is frequent for its augmented reality games, which started with the multiplayer sci-fi undercover agent video game Ingress, created right through the business’s time as an interior startup founded inside Google. In 2015, Niantic spun out as its own entity, and it launched Pokémon Go in July, 2016. The Pokémon AR online game managed to attract massive activity at launch, resulting in huge true-world gatherings of avid gamers due to its mechanic of incentivizing players to circulate round in the precise world to achieve in-video game success.
In its sequence A circular, Niantic raised $ 30 million in funding from an investor community together with Alsop Loui partners, Google, Nintendo, The Pokémon enterprise, Cyan and Scott Banister and others. prior this yr, Niantic introduced its first acquisition, of cellular social community developer Evertoon, and it additionally lately made reputable its intent to build a mobile AR video game in response to Harry Potter.
Harry Potter: Wizards Unite is due out someday subsequent year, and will be developed in partnership with Warner Bros. Interactive.
Fundings & Exits – TechCrunch