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Epic Games raises $750M at a $17bn valuation


Fortnite creator, Epic Games, nears a $750M round at a valuation of about $17bn. Investors include KKR, Baillie Gifford and T. Rowe Price.

In 2018, KKR, Vulcan Capital and other investors bought a $1.25bn stake in the company.

Since the Covid-19 outbreak, interest in video games has increased as more people look for new ways to spend their leisure time. Fortnite has currently over 350M users.

Source: Pitchbook

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