Sony and KIRKBI, the company behind The LEGO Group, are teaming up to fund Epic Games’ new venture focused on the metaverse.
On April 11, Epic Games, an American video game development company, announced the raising of $2 billion —1 Billion USD from Sony and 1 Billion USD from KIRKBI — to build a metaverse.
According to Epic Games, the idea of a metaverse is not just hype. The gaming studio wants to create new experiences based on its already popular games and new projects. Epic Games sais that such major funding round aims to “advance the company’s vision to build the metaverse and support its continued growth.”
Epic Games last raised funds a year ago, announcing a $1 billion raise in April 2021 at a valuation of $28.7 billion. That round also included $200 million from Sony. Last week, The LEGO Group announced a partnership with Epic Games to build out a kid-friendly, LEGO-themed metaverse world.
Epic Games raises $2 billion to build metaverse
