11/9/2023 0 Comments Iconiq ventures![]() ![]() Smith Anderson is acting as legal advisor to Epic Games. The Raine Group and Guggenheim Securities, LLC are acting as financial advisors to Epic Games. The company just raised 35 million (22.6 million), it announced on Wednesday, with the series C round led by Iconiq, along with participation from previous investors The Social + Capital. “Alongside a special group of investors, we are thrilled to support Epic’s dedicated employees and the passionate community of players and developers that lies at the heart of everything that Epic Games does.” “Epic Games has fundamentally changed the model for interactive entertainment under the company’s visionary leadership,” said Ted Oberwager of KKR. It also had a fundamental impact on the way the company developed and released games, which in turn led to the development of “Fortnite” and eventual inclusion of the battle royale mode which pushed the company’s value into the billions. That 2012 investment led to a number of high profile people leaving Epic Games including “Gears of War” producer Rod Fergusson, Cliff Bleszinkski, and Epic Games president Mike Capps. It’s unclear if this latest investment led to a change in the board’s makeup. ICONIQ Capital is a family office serving some of the most influential people in Silicon Valley. Iconiq Capital is a family investment, private equity, and venture capital firm in California, which focuses on technology.Founded in 2011 in San Francisco, California by Chad Boeding, Divesh Makan, and Michael Anders, it invests in early-stage ventures late-stage ventures private equity funds and series C, series D, series B, and series E rounds. ![]() The acquisition led to Tencent appointing two representatives to the Epic board of directors. This is the portfolio of ICONIQ Growth, the venture capital arm of ICONIQ Capital. Tencent purchased about 40 percent of Epic Games with a $330 million investment in 2012. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |