Total amount raised
$7.86B
Latest funding date
2024-06-10
Location
Epic Games has raised funds across multiple rounds, attracting a diverse group of investors including Sony, KIRKBI, The Walt Disney Company, KKR, Tencent, and many others. The most recent funding round, categorized as a Venture – Series Unknown, was recorded in June 2024 with the amount and lead investors undisclosed. Epic Games has also made numerous investments and acquisitions, showcasing its active role in the broader gaming and entertainment industry.
Keep reading to explore Epic Games' full fundraising journey, key investors, and what lies ahead for the company.
Epic Games has raised funds across multiple rounds, attracting a diverse group of investors including Sony, KIRKBI, The Walt Disney Company, KKR, Tencent, and many others. The most recent funding round, categorized as a Venture – Series Unknown, was recorded in June 2024 with the amount and lead investors undisclosed. Epic Games has also made numerous investments and acquisitions, showcasing its active role in the broader gaming and entertainment industry.
Keep reading to explore Epic Games' full fundraising journey, key investors, and what lies ahead for the company.
What Is Epic Games?
Epic Games, headquartered in Cary, North Carolina, is a global leader in interactive entertainment. The company operates across gaming, software, and the metaverse, with a workforce of over 1,000 employees. Best known for developing Fortnite and the Unreal Engine — widely used by game developers worldwide — Epic also runs the Epic Games Store, a digital storefront for purchasing and downloading games. The company's platforms and technology underpin major titles and experiences across consumer gaming and enterprise 3D content creation.
How Much Funding Has Epic Games Raised?
- Series D – Tencent Investment
- Amount Raised: USD 330,000,000
- Date: June 2012
- Lead Investors: Tencent
- Notes: Tencent acquired approximately 40% of Epic Games for $330M.
- Series E – KKR & Others
- Amount Raised: USD 1,250,000,000
- Date: October 26, 2018
- Lead Investors: KKR, ICONIQ Capital
- Participants: Smash Ventures, aXiomatic, Vulcan Capital, Kleiner Perkins, Lightspeed Venture Partners
- Post-Money Valuation: USD 15,000,000,000
- Corporate Round – Sony Strategic Investment
- Amount Raised: USD 250,000,000
- Date: July 9, 2020
- Lead Investors: Sony
- Post-Money Valuation: USD 17,860,000,000
- Series E – Growth Round
- Amount Raised: USD 1,530,000,000
- Date: August 6, 2020
- Lead Investors: Baillie Gifford, Fidelity Management & Research Company, Ontario Teachers' Pension Plan Board
- Participants: Sony, Lightspeed Venture Partners, KKR, BlackRock, T. Rowe Price Associates, Smash Ventures, David Tepper
- Post-Money Valuation: USD 17,300,000,000
- Series E – Metaverse Vision Round
- Amount Raised: USD 1,000,000,000
- Date: April 13, 2021
- Lead Investors: Sony Group Corporation (contributed $200M)
- Participants: Appaloosa, Baillie Gifford, Fidelity Management & Research Company, GIC, T. Rowe Price Associates, Ontario Teachers' Pension Plan Board, BlackRock, Park West Asset Management, KKR, AllianceBernstein, Altimeter Capital, Franklin Templeton Investments, Luxor Capital Group
- Post-Money Valuation: USD 28,700,000,000
- Secondary Market
- Amount Raised: Undisclosed
- Date: August 2021
- Lead Investors: Undisclosed
- Notes: Secondary market transaction providing liquidity to existing shareholders.
- Series F – Metaverse Expansion
- Amount Raised: USD 2,000,000,000
- Date: April 11, 2022
- Lead Investors: KIRKBI, Sony Group Corporation
- Notes: Sony and KIRKBI each contributed $1 billion. KIRKBI received approximately 3% ownership.
- Post-Money Valuation: USD 31,500,000,000
- Secondary Market
- Amount Raised: Undisclosed
- Date: August 2022
- Lead Investors: Undisclosed
- Notes: Secondary market transaction providing liquidity to existing shareholders.
- Corporate Round – Disney Strategic Investment
- Amount Raised: USD 1,500,000,000
- Date: February 7, 2024
- Lead Investors: The Walt Disney Company
- Notes: Disney acquired an equity stake (~9%) as part of a multiyear collaboration to build a new games and entertainment universe. Post-money valuation of $22.5 billion.
- Post-Money Valuation: USD 22,500,000,000
- Secondary Market
- Amount Raised: Undisclosed
- Date: February 2024
- Lead Investors: Undisclosed
- Notes: Secondary market transaction coinciding with the Disney corporate round.
- Venture – Series Unknown
- Amount Raised: Undisclosed
- Date: June 10, 2024
- Lead Investors: Undisclosed
- Notes: This is the most recent funding round per Crunchbase. Details remain undisclosed as of research date.
Total Amount Raised: At least $7.86 billion based on disclosed funding rounds. Three secondary market rounds and the June 2024 venture round have undisclosed amounts.
Key Investors
- The Walt Disney Company
- Details: Global entertainment conglomerate that invested $1.5 billion in February 2024 to acquire approximately a 9% equity stake in Epic Games. The investment is tied to a multiyear collaboration to create a new games and entertainment universe, integrating Disney, Pixar, Marvel, Star Wars, and Avatar IP into Epic's platforms.
- KIRKBI
- Details: The family-owned holding and investment company behind The LEGO Group. KIRKBI invested $1 billion in April 2022 (alongside Sony), acquiring approximately a 3% ownership stake in Epic Games. The investment supports Epic's metaverse and digital entertainment vision.
- Sony Group Corporation
- Details: Multinational conglomerate with major stakes in gaming, electronics, and entertainment. Sony has participated in multiple Epic funding rounds: $250M in July 2020, participation in the August 2020 round, $200M lead investment in April 2021, and $1B in April 2022 — building a cumulative strategic equity position in Epic.
- KKR
- Details: Global investment firm that co-led the October 2018 $1.25 billion round and has continued to participate in subsequent Epic funding rounds. Focus areas include technology, media, and consumer growth companies.
- Tencent
- Details: Chinese technology and entertainment giant that invested $330 million in June 2012, acquiring approximately a 40% stake in Epic Games. Tencent remains a major shareholder, though its board representation was reported to have changed in 2024.
- Fidelity Management & Research Company
- Details: Major institutional asset manager that has participated in multiple Epic funding rounds (2020, 2021). Its involvement signals strong institutional confidence in Epic's long-term growth trajectory.
What's Next for Epic Games?
Epic Games stands on the brink of a transformative era, driven by its recent partnership with Disney. This collaboration promises to create a vast "Disney universe"within Epic's platforms, integrating beloved characters and stories from Disney, Pixar, Marvel, Star Wars, and Avatar. With Disney's $1.5 billion investment valuing Epic Games at $22.5 billion, the company is well-positioned for future fundraising. The involvement of major mutual funds like Fidelity and Blackrock suggests strong potential for additional investments. However, the sharp drop in valuation from $31.5 billion to $22.5 billion highlights potential financial challenges.
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