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

Niantic, the developers behind Ingress and the hugely pop Pokémon AR games has just managed to raise $200 million in funding. The Series B funding circular was led past Spark Capital letter, including participation from Founders Fund, Meritech, Javelin Venture Uppercase, You & Mr.Hones and NetEase, Inc. Every bit part of the new financing deal, Spark Capital partner Megan Quinn volition be joining Niantic'due south board. This is a $170 million increase compared to the visitor's Series A funding round, where they were able to raise just $30 million from an investor group including Alsop Loui Partners, Google, Nintendo, the Pokémon Visitor, Cyan and Scott Banister and more than.

Pokemon Go

"We are excited to be working with NetEase, Spark, and our other new investors. This round enables new strategic opportunities and enhances our ability to brand long-term investments in augmented reality and the Niantic real-world platform," John Hanke, Niantic CEO said in a statement. The $200 1000000 funding will be used towards the development of more than Augmented Reality games by the visitor. This comes as no surprise, as Niantic recently revealed that they're working on an AR game for Potterheads beyond the globe, called Harry Potter Wizards Unite.

Harry-Potter-Wizards-Unite-2018

In their next AR game, "Players volition learn spells, explore their real earth neighborhoods and cities to discover & fight legendary beasts and team upward with others to take down powerful enemies".

The visitor has partnered with Warner Bros. to make this game a reality, and this is probably one of the major reasons why the funding round was a huge success. Even so, don't wait the game to exist fabricated bachelor anytime shortly, equally it's in very early stages of development. So, you lot'll accept to wait a bit longer until you can finally fulfill your childhood dream of experiencing J.K. Rowling'due south wizarding world.