Epic Games has received another $2 billion investment to fund its ambitious project to build the metaverse. In this round, the investment is evenly split between KIRKBI (the family-owned parent company of The LEGO Group) and Sony.
Both companies are deepening their respective ties with Epic Games. Just a few days ago, The LEGO Group announced a partnership with Epic to build a kid-friendly version of the metaverse. As for Sony, you’ll likely remember that they already invested $250 million in Epic in July 2020 and then another $200 million about a year ago.
Epic Games still keeps a single class of common stock outstanding and remains controlled by CEO and founder Tim Sweeney. The company’s post-money equity valuation is now $31.5 billion.
Kenichiro Yoshida, Chairman, President, and CEO of Sony Group Corporation, said in a statement:
Søren Thorup Sørensen, CEO of KIRKBI, stated:
Tim Sweeney, CEO and Founder of Epic Games, added:
