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.

Niantic and Warner Bros Interactive Entertainment said in November they would launch a new “Harry Potter” augmented reality mobile game.

The game would use real-life locations similar to Niantic and Nintendo Co Ltd’s Pokemon Go, which became the first mass market adoption of augmented reality in July 2016 and allowed players to “catch” animated characters that appeared in their surroundings.

“It’s a rare opportunity to partner up with a company that is already highly profitable at this stage, which is another reason we are so bullish on Niantic,” IVP’s Sandy Miller said.

Niantic was spun off from Google in 2015 and is headed by longtime Google executive John Hanke.

Reuters

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.