Pokemon Go creator Niantic raises $245m at $4b valuation

A young man plays the augmented reality mobile game "Pokemon Go" by Nintendo at Puerta del Sol square in Madrid, Spain July 28, 2016. REUTERS/Sergio Perez

Pokemon Go creator Niantic Inc said on Wednesday it had raised $245 million in a new round of financing bringing its valuation to nearly $4 billion.

The Series C financing round was led by IVP with additional strategic investments from aXiomatic Gaming, Battery Ventures, Causeway Media Partners, CRV, and Samsung Ventures, the company said.

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