Mobile AR gaming startup Niantic has closed a $190 million round of funding according to newly filed SEC docs.
The filing comes after a WSJ report last month suggested the company was in the process of closing a $200 million raise from investors, including IVP, aXiomatic Gaming and Samsung, at a $3.9 billion valuation. The round closed shortly after that report on December 20 according to the new documents.
With the close of this round, Niantic has now raised more than $415 million to date. The startup’s other investors include Founders Fund, Spark Capital and Alsop Louie Partners, among others. The filing details that there were 26 investors in this funding round.
The new influx of cash comes as the creator of Pokémon GO prepares to release its next major title, Harry Potter: Wizards Unite. The augmented reality game does not have a release date yet, but is expected to launch this year.
Written by Lucas Matney
This news first appeared on https://techcrunch.com/2019/01/03/pokemon-go-creator-niantic-closes-190m-round/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Techcrunch+%28TechCrunch%29 under the title “Pokémon GO creator Niantic closes $190M funding round”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.
