Epic Games Reportedly Fundraising Above $15 Billion Mark

Epic Games is reportedly seeking a new round of funding.
Epic Games is reportedly seeking a new round of funding. / Courtesy of Epic Games

Epic Games held talks to raise funding above its previous valuation, which was set at $15 billion, according to a report published Tuesday by Bloomberg.

The exact valuation the company seeks is unknown, but Bloomberg's anonymous sources with knowledge of the situation claimed it would be higher than $15 billion.

Epic Games Reportedly Fundraising Above $15 Billion Mark

The company has hired a financial adviser to help with the fundraising, according to same sources. One individual source claimed the company discussed raising between $500 million and $1 billion. The plans remain in flux.

Epic Games declined to comment on the Bloomberg story.

Epic Games is known primarily as the developer and publisher of Fortnite, which is set to begin Chapter 2 Season 3 on June 4. It also owns both the Unreal Engine, licensing of which generates significant revenue, and the Houseparty video chatting app that has seen a major rise in popularity during the coronavirus (COVID-19) pandemic.