Epic Games raises $2B in funding from Sony and Kirkbi

Epic Games announced a $2 billion round of funding, which it would put towards its growth and that of the metaverse. The round included investments from Sony, as well as Kirkbi, the investment company behind the Lego Group. Both companies invested $1 billion.

Epic’s post-money equity valuation is $31.5 billion, according to the company. CEO Tim Sweeney says this investment will go towards expanding the company’s vision of the metaverse: “This investment will accelerate our work to build the metaverse and create spaces where players can have fun with friends, brands can build creative and immersive experiences and creators can build a community and thrive.”