Niantic, the Creators of Pokemon Go Raised $200 Million to Develop More AR Games

Niantic 200 Million Funding

Niantic, the builders behind Ingress and the vastly well-liked Pokémon AR video games has simply managed to lift $200 million in funding. The Collection B funding spherical was led by Spark Capital, together with participation from Founders Fund, Meritech, Javelin Enterprise Capital, You & Mr.Hones and NetEase, Inc. As a part of the brand new financing deal, Spark Capital associate Megan Quinn shall be becoming a member of Niantic’s board. It is a $170 million improve in comparison with the corporate’s Collection A funding spherical, the place they had been capable of elevate simply $30 million from an investor group together with Alsop Loui Companions, Google, Nintendo, the Pokémon Firm, Cyan and Scott Banister and extra.

Pokemon Go

“We’re excited to be working with NetEase, Spark, and our different new buyers. This spherical permits new strategic alternatives and enhances our capability to make long-term investments in augmented actuality and the Niantic real-world platform,” John Hanke, Niantic CEO stated in a press release. The $200 million funding shall be used in direction of the event of extra Augmented Actuality video games by the corporate. This comes as no shock, as Niantic just lately revealed that they’re engaged on an AR recreation for Potterheads throughout the globe, known as Harry Potter Wizards Unite.


Of their subsequent AR recreation, “Gamers will study spells, discover their actual world neighborhoods and cities to find & combat legendary beasts and crew up with others to take down highly effective enemies”.

The corporate has partnered with Warner Bros. to make this recreation a actuality, and that is most likely one of many main explanation why the funding spherical was an enormous success. Nonetheless, don’t count on the sport to be made out there anytime quickly, because it’s in very early phases of growth. So, you’ll have to attend a bit longer till you’ll be able to lastly fulfill your childhood dream of experiencing J.Ok. Rowling’s wizarding world.