Niantic Secures $190 Million as It Prepares Harry Potter AR Game
Pokémon GO creator Niantic officially closes a $190 million funding round, bringing its total raised capital to over $415 million. The investment arrives as the company gears up to launch its next major augmented reality title, Harry Potter: Wizards Unite.
Mobile augmented reality gaming startup Niantic closes a $190 million funding round according to newly filed SEC documents. The company secures this capital from 26 investors, including IVP, aXiomatic Gaming, and Samsung, at a reported valuation of $3.9 billion. This latest cash injection brings Niantic's total raised funding to more than $415 million to date.
The new funding arrives at a crucial time for the Pokémon GO creator as it prepares to release its next major mobile title. Harry Potter: Wizards Unite is an upcoming augmented reality game that builds upon the location-based mechanics Niantic pioneered. While an exact release date remains unannounced, the highly anticipated game is expected to launch sometime this year.
Niantic continues to dominate the mobile AR space by leveraging massive intellectual properties to encourage real-world exploration. With a hefty new financial war chest and a massive franchise like Harry Potter in its pipeline, the company positions itself to further expand its immersive gaming platform. Investors clearly show strong confidence in Niantic's ability to replicate the unprecedented global success of Pokémon GO.