Pokemon GO’s developer about to hit the big leagues soon.
Given how successful Pokemon GO has been, it should come as no surprise to anyone that its developers, Niantic, are now rolling in the money too. According to a report by The Wall Street Journal, the company is approaching $4 billion in valuation. Niantic is currently raising capital to bring its valuation to $3.9 billion.
This actually puts Niantic in the big leagues—as an example, this is how much Epic Games was worth, before the recent round of investment in the wake of Fortnite propelled them to almost $15 billion. That Niantic has managed this on the back of mostly just one game, and one that for a while seemed like it was going to be a flash in the pan fad, is impressive in some regards.
Assuming the upcoming Harry Potter: Wizards Unite, a Pokemon GO style game in the Harry Potter universe, ends up taking off as well, we could see Niantic’s valuation rise even further in the coming years.
Pokemon GO is out now on iOS and Android smartphones.