Pokemon Go ‘Niantic’ Close To $3.9B Valuation | MobileAppDaily
Gaming

Pokémon Go Maker 'Niantic' Raising $200M at $3.9B Valuation

Niantic Inc. is seeking to raise $200 million in a round led by venture capital firm IVP.

Pokémon Go Maker \'Niantic\' Raising $200M at $3.9B Valuation

It has been reported by some sources that Niantic is reportedly raising $200M to reach at a $3.9B valuation. According to people familiar with the matter, Pokémon Go Publisher Niantic is currently seeking to raise at least $200M that would increase the company’s total valuation to a total of $3.9 billion.

In addition to that, it is also expected that this $200 million funding will be led by the popular venture capital firm IVP. Here participation from other strategic investors like  aXiomatic Gaming LLC and Samsung Electronics Co. is expected as well. Apart from this, the game itself has been in the limelight for its Pokemon Go Winter Event 2018 that will be starting next week. For instance, Double Catch event will be taking place during the Christmas week.  

As per the retweet of Katie Roof (Senior writer at @WSJ):

 

 

 

If we think about the beginning stage of Pokémon Go Developer Niantic. It all started in the year 2016, when “Pokémon Go” was named as one of the first games to hit the market with its augmented reality (AR-powered) mobile game based on a widely known Japanese cartoon series. Niantic’s app, which at present shares revenue with Pokémon Co., makes revenue by charging for its in-app purchases that help players excel in games faster and more efficiently.

Upcoming Project

Along with this Pokémon Go Maker Niantic news, we would also like to mention that the widely known developer is working on its next augmented reality game named Harry Potter: Wizard Unite, which is planned to be launched in the upcoming year with the aim of being as popular as Pokémon Go.

This gaming company came into existence as one of the segments of Google in 2010 and later it split as a separate entity in the year 2015 and went on to release its hit gaming sensation i.e. Pokémon GO the next year.

The current areas that are covered by Niantic are based on diversions, its AR cloud stage, and capability to profit by the approaching smartglasses time of AR. Niantic surely has a lot of value by creating items and administrations where it can keep on raising its valuation, and also its reputation as a pioneer in portable AR.

This was our take on the Pokemon GO report regarding Niantic and if you are interested in reading more articles related to the world of app development and funding then make sure to check out the News section of MobileAppDaily.

MAD Team
Written By

MobileAppDaily host a team of experienced technical writers, industry wizards, and app experts who have an exact knack of content that caters to the needs of the mobile app targeted audience. We strive to bring you the best of tech!

Top Companies

InMobi
Singapore
Dot Com Infoway
New York, USA
M&C Saatchi Mobile
New York City, USA
Techmagnate
New Delhi, India
Fetch
London, UK
View full report

Latest Articles

Join our global community 135K Followers
Gaming

PUBG Mobile Update 0.10.0 With Vikendi Snow Map

MAD Team 2 min read  

Ever since PUBG Official tweeted ‘Coming Winter 2018’ back in June, it caused a stir in everyone’s mind. Well, the wait is finally over as the PUBG Mobile Update 0.10.0 is now adding Vikendi snow map to its gameplay.The popular online game has been sending out notification

Gaming

Why People Prefer Casino Apps?

MAD Team 2 min read  

Over the past few years, there has been a drastic increase in the number of people who engage in mobile gaming. In fact, mobile casinos have become the most popular way for anyone to participate in thrilling betting action.There are hundreds of mobile apps that provide access to online gambling,

Gaming

Pokémon Go Bags $85M As Revenue In September

MAD Team 2 min read  

Niantic's genre-leading game, Pokémon GO, is able to garner $85 million in revenue in September only, which makes it the most profitable month for the Pokemon game. Interestingly, with the rise of other games like PUBG and Epic Games' Fortnite, Pokemon Go has performed exceedingly wel

Gaming

Fortnite Update 7.10 Patch Notes Revealed!

MAD Team 2 min read  

Epic Games keeps the festive celebration going by treating its players with a Fortnite 7.10 update. The update has come across all platforms like PS4, iOS, and Android, Xbox One, PC, Nintendo Switch.The Fortnite official Twitter account has confirmed the news:“The first Content Updat