According to the Wall Street Journal, the makers of Pokémon Go, Niantic is worth about $4 billion following the $200 million round of venture capital being raised by the company.
To give better insights, $4 billion is about where Epic Games, an American video game developer was earlier this spring. But Epic Games, the makers of Fortnite became worth of $15 billion after theround of funding at the end of October. As per the report by Forbes, Epic Games had been worth $660 million in 2012, the year when Fortnite was first announced.
Both Niantic and Epic are privately owned companies. Among such game development companies, Take-Two Interactive is at $11.7 billion in market capitalization, Activision Blizzard is at $36.4 billion,andElectronic Arts is at $24.2 billion.
When Pokémon Go was launched, the game had humongous craze amongst the gaming enthusiasts. The success of the gamespiked Nintendo’s stock priceenormously. Nintendo didn’t produce the game; it was actually made in collaboration with Niantic Labs. Although the popularity of the game went down, investors still have a high opinion of the company.
Niantic is also working with Warner Bros. to launch another Augmented Reality mobile game set in the wizard’s world. The game will be called Harry Potter: Wizards Unite.