Epic Games to raise $750 million

Epic Games is about to raise a $750 million round of funding, which will value the company at about $17 billion. This is according to Bloomberg, which relies on sources familiar with the matter.

Existing investors including KKR & Co. will participate in the round, while some funding will come from new investors like T. Rowe Price Group Inc. and Baillie Gifford.

In 2018, the company behind Fortnite and Unreal Engine was valued at $15 billion. This was after a group of investors including KKR & Co., Vulcan Capital, Kleiner Perkins Caufield Byers, Iconiq Capital and AXiomatic Gaming bought $1.25 billion of Epic Games’ shares.

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