Pokémon Go game developer Niantic has raised $200 million in a Series B funding round led by Spark Capital, WSJ reported. The round also saw participation from Founders Fund, Meritech, Javelin Venture Capital, You & Mr. Jones and China’s NetEase, Inc.
Spark partner Megan Quinn will join Niantic’s board as part of the new financing deal.
Known for its augmented reality games, Niantic announced the funding just a few days after it revealed its intent to build a mobile AR game based on Harry Potter, which is slated for release in 2018.
“Just like many of you, we’re super excited about ‘Harry Potter: Wizards Unite’ and are working hard with our partners at Warner Bros. Interactive Entertainment, and WB Games San Francisco’s development team to bring that to life,” it said in a blog post.
“Niantic is actively expanding the Pokémon GO development team to build many more amazing updates in 2018,” it added. It launched Pokémon Go in July 2016, which had reportedly touched $1.2 billion in revenue in July this year.
Niantic had raised $30 million as part of Series A funding from an investor group including Alsop Loui Partners, Google, Nintendo, The Pokémon Company, Cyan and Scott Banister and others.
Niantic recently also announced acquisition of startup Evertoon, which was designed to help users make short, personalized films. Evertoon’s team will add a social platform to Niantic’s games, including Pokémon Go, Ingress, and its future titles, while it go into offline-mode as of November 30, 2017.
The company, which began with the multiplayer sci-fi spy game Ingress, was founded as an internal startup within Google. In 2015, Niantic spun out as its own entity.