A new SEC document shows that Niantic has succeeded in closing another major funding round and totaling $ 190,552,365 (190 million) from 26 different investors (part 14 of document). The SEC document reveals that the following Niantic-related persons were part of this funding round:
- John Hanke Niantic CEO
- Kenji Okubo President of the Pokemon Company International
- Gilman Louie Alsop Louie Partners, venture capitalist and former Niantic investor
- Megan Quinn Spark Capital partner, venture capital and private equity fund
Unfortunately, the document does not disclose the names of 26 private or corporate investors who participated in this round. This is quite interesting given the fact that Samsung is planning to invest $ 40m in Niantic to develop "exclusive" gaming features. Despite my best efforts, I still can't confirm that Samsung's alleged investment is real.
This financing rate was completed on December 20, 201
In other news, according to Sensortower's estimates, Pokemon GO earned nearly $ 800 million in global revenue in 2018 alone, marking tremendous growth over 2017 (35% increase!). Revenue is one of the most important health factors that investors are looking for, making Pokemon GO's performance particularly important for a company seeking funding.
We are not sure how (or if) this funding rate affects Niantic's development / business efforts with Warner Bros. (Wizards Unite), but we are absolutely sure that it can only mean good things for all Niantic products. Niantic's Series B financing round in 2017 leads to a number of Niantic acquisitions, and we expect the same to happen in 2019.
Stay up to date – we are up for some good times if Niantic uses its newly acquired money table wisely.