Pokemon Go Creator Niantic Raises $190 Mn In Funding

Niantic Corporation, the creators of hugely popular mobile game Pokemon Go, has raised little more than $190 million in a new funding, according to a regulatory filing in the US Securities and Exchange Commission.

The latest funding was closed a little more than a year after Niantic raised $200 million in a Series B funding round. Experts says the company raised the latest funding when there was no requirement for the gaming company to do so.

The San Francisco based firm said 26 investors participated in the latest round, which brought the startup’s total funding raised to about $415 million. According to a report by The Wall Street Journal last month Niantic was pursuing $200 million in funding for a valuation of $3.9 billion.

Pokemon Go, the augment reality based game where players catch little animated monsters, was launched in July 2016 and by many measures was the fastest-growing app of all time.

Pokemon Go took just 811 days to hit $2 billion in in-app purchases, the third-fastest mobile game to do so, according to Apptopia estimates.

The funding comes as the Pokemon Go creator prepares for the launch of the augmented reality mobile game Harry Potter: Wizards Unite. Niantic announced in 2017 that it was partnering with Warner Bros. on the game, which is expected to be available sometime in 2019, a year after it was originally scheduled for release.

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