Pokemon Go developer Niantic Labs began its life as a subsidiary of Google, but the company spun out in 2015, reaching a new stratospheric success with the launch of Pokemon Go in July 2016. The San Francisco-based developer is still growing, with a new report claiming the company is working to secure a $ 200 million funding.
According to The Wall Street Journal sources, it will further $ 200 million increase the company's total valuation to $ 3.9 billion. The latest funding rate is expected to be led by venture capital company IVP, with more money coming from Samsung and aXiomatic Gaming.
There is no word about what the $ 200 million rounded funding in funding would go against in Niantic, but the studio has a new Harry Potter game in the works, as well as ongoing support for Pokemon Go. The WSJ report says that Niantic could work with games for "other franchises", but no one was called.
Niantic's new Harry Potter game, Wizards Unite, was expected to start in 201
Pokemon Go is free and it earns money through microtransactions in the game. While the game may not be as popular as it once was, it still makes a lot of money. In November, the game attracted $ 80 million worldwide from the microtransactions on iOS and Android, according to a report from SensorTower.
In other news, Pokemon Gos last winter event starts this week. Among other things, you can earn bonuses, smell eggs easier, and meet Pokemon from the Sinnoh region. You can learn more about the event in our coverage here.