Pokémon Go creator Niantic raises $190m in latest funding round

Tyrone Stewart

Pokemon Go TradingMobile AR gaming firm Niantic, famous for developing Pokémon Go, has closed a round of financing worth more than $190m, according to a Securities and Exchange Commission (SEC) filing.

Last month, The Wall Street Journal reported that the startup was heading toward the closure of a $200m funding round – led by venture capital firm IVP, with participation from Samsung Electronics and aXiomatic Gaming – at a valuation of $3.9bn.

The close of the Series C funding round means Niantic has now raised over $415m to date, according to Crunchbase. Other investors have included Alsop Louie Partners, Spark Capital, Founders Fund, You & Mr Jones Brandtech Ventures, and others. The latest round was made up of 26 investors.

The latest cash influx comes ahead of the release of Niantic’s long-awaited Harry Potter AR game, titled Harry Potter: Wizards Unite. The game has been in the works for more than a year and is expected to arrive at some point in 2019, though no launch date has been set yet.