Pokémon Go developer Niantic raises $200m led by Spark Capital, China’s NetEase, others

Photo: Reuters

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.

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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.

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.