games / News

Pokemon Go Developer Niantic Secures $200 Million in Funding

November 25, 2017 | Posted by Jeffrey Harris
Pokemon GO Niantic

The Wall Street Journal reports that Niantic, the developer for the popular augmented reality game Pokemon GO, has raised $200 million in funding. The company is soon going to release it’s next game, Harry Potter: Wizards Unite, which is based on the popular book series created by J.K. Rowling.

The Series B round of funding for Niantic was led by Spark Capital, and includes participation from Founders Fund, Meritech, Javelin Venture Capital, You & Mr. Jones and NetEase, Inc. Spark partner Megan Quinn joined Niantic’s Board of Directors for the new financing deal.

For the Series A round for Niantic, the company raised $30 million from an investor group, which included Alsop Loui Partners, Google, Nintendo, The Pokémon Company, Cyan and Scott Banister, and others. The company also acquired the social network developer Evertoon.

The Harry Potter: Wizards Unite game is due later in 2018. It’s being developed in partnership with Warner Bros. Interactive. Pokemon Go is available now for mobile devices.