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Niantic raises $300M at $9B valuation as it guns for the real-world metaverse

  • Posted byby Dean Takahashi
  • Updated
  • 2 min

Pokémon Go maker Niantic has raised $30o million from investor Coatue at a $9 billion valuation as it aims to build the real-world metaverse.

While Facebook/Meta is trying to build the metaverse on a foundation of virtual reality, Niantic has seen its success on location-based gaming with Pokémon Go. And that has made it partial to creating extensions of that game for its version of the metaverse. Techcrunch reported the news.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.