Epic Games, the video game developer that produced the hit game Fortnite, said Tuesday that it had raised $1 billion in funding, valuing the company at $28.7 billion.Sony, the creator of the PlayStation game console, invested $200 million, Epic said, and Appaloosa Management, Baillie Gifford and Fidelity Management were also among the investors.Epic’s most recent funding round … [Read more...] about Epic Games, the maker of Fortnite, raises $1 billion in a funding round.
Venture Capital
Skims Raises Funds At $1.6 Billion Valuation
Chewy’s co-founder is set to become GameStop’s chairman. Ryan Cohen’s investment in GameStop last year was one of the factors driving its torrid run as the “meme stock” of choice. Mr. Cohen and several others with connections to the online pet retailer are expected to be elected to GameStop’s board in June, pledging to turn GameStop retailer into the “Chewy of gaming.”The … [Read more...] about Skims Raises Funds At $1.6 Billion Valuation
Instacart Valuation Rises to $39 Billion in Latest Fundraising
Instacart, the grocery delivery company, said on Tuesday that it has raised another $265 million in a funding that values it at $39 billion, more than doubling its valuation for the second time in a year.Andreessen Horowitz and Sequoia Capital, which are existing investors in Instacart, participated in the latest financing for the eight-year-old start-up. Over the last year, … [Read more...] about Instacart Valuation Rises to $39 Billion in Latest Fundraising