Fortnite maker Epic Games raises a landmark $1.25 billion

Epic Games has received a monumental funding of about $1.25 billion. Investors include KKR, ICONIQ Capital, Smash Ventures, aXiomatic, Vulcan Capital, Kleiner Perkins, and Lightspeed Venture Partners.

Thanks to Fortnite, Epic Games is enjoying a lot of success. The battle royale experience is a giant hit on PC, consoles, and mobile. The free-to-play game has earned hundreds of millions of downloads and over $1 billion in revenue. And on Android, Epic Games has bypassed Google by not listing Fortnite on the Google Play store, meaning Epic Games doesn’t have to give Google a share of the money earned.