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Home / Technology / Niantic closes another round of funding, increasing $ 190 million from 26 investors

Niantic closes another round of funding, increasing $ 190 million from 26 investors



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

8, which fully qualifies it as Niantic's Christmas gift. Niantic has raised more than $ 415 million so far, with the latest reported round taking place in November 2017 when Niantic increased $ 200 million in a series B finance round led by Spark Capital.

  Box Sale
More Poke Coins for Niantic! 19

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.


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