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EPIC GAMES
Epic Games
Game Development · Cary, North Carolina · United States · Founded · 1991 · ≈ · 13,000 · employees

Epic Games Funding — Last Valued at $22.5B

Private

Epic Games has raised $8.1B across 5 funding rounds, plus 3 undated rounds. The latest round valued Epic Games at $22.5B post-money, with The Walt Disney Company on the lead line.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Epic Games funding · at a glance
Total raised, all rounds
$8.1B
some round sizes not disclosed
Funding rounds
5
plus 3 undated rounds
Latest round
$22.5B
post-money · Feb 2024
Lead on that event
The Walt Disney Company
lead investor
2024
About Epic Games

Epic Games reached a $32 billion equity valuation in April 2022. Tencent holds a 28% stake and the Walt Disney Company holds 9%, while founder Tim Sweeney remains the controlling shareholder.

Funding timeline

The Epic Games funding timeline

5 funding rounds, the latest highlighted.

1991
Epic Games founded

Epic Games was founded in 1991, United States.

UNDATED
Series F, Series E, Series E

No date is disclosed for this round.

JUN 2012
Series D

A primary round — the company sells new shares to investors it selects. $330M raised, led by Tencent.

Valuation basisAmount$330MPrice / shareLeadTencent
OCT 2018
Series E

Smash Ventures, aXiomatic, Vulcan Capital, Kleiner Perkins, Lightspeed Venture Partners. $1.2B raised, led by KKR, ICONIQ Capital.

Valuation basisAmount$1.2BPrice / shareLeadKKR, ICONIQ Capital
JUL 2020
Strategic investment at $17.9B post-money

A primary round — the company sells new shares to investors it selects. $250M raised, led by Sony.

Valuation basispost-moneyAmount$250MPrice / shareLeadSony
APR 2022
Secondary Investment at $32B post-money

Existing holders selling; buyers approved by the company. Led by KKR.

Valuation basispost-moneyAmountPrice / shareLeadKKR
FEB 2024LATEST
Disney Strategic Investment at $22.5B post-money

A primary round — the company sells new shares to investors it selects. $1.5B raised, led by The Walt Disney Company.

Valuation basispost-moneyAmount$1.5BPrice / shareLeadThe Walt Disney Company
IPO: NOT ANNOUNCED

No filing has been made.

Funding rounds

Epic Games funding rounds in full

5 dated rounds, newest first.

Round
Date
Amount
Valuation
Price / share
Lead investors
Participation
Disney Strategic Investment LATEST
Feb 2024
$1.5B
$22.5Bpost-money
—
The Walt Disney Company
—
Secondary Investment
Apr 2022
—
$32Bpost-money
—
KKR
—
Strategic investment
Jul 2020
$250M
$17.9Bpost-money
—
Sony
—
Series E
Oct 2018
$1.2B
—
—
KKR, ICONIQ Capital
Smash Ventures, aXiomatic, Vulcan Capital, Kleiner Perkins, Lightspeed Venture Partners
Series D
Jun 2012
$330M
—
—
Tencent
—
Series F
—
$2B
—
—
Sony Group Corporation, KIRKBI
Sony and KIRKBI each contributed $1 billion
Series E
—
$1B
$28.7Bpost-money
—
Sony Group Corporation
Appaloosa, Baillie Gifford, Fidelity, GIC, T. Rowe Price Associates, Ontario Teachers' Pension Plan Board, BlackRock, Park West Asset Management, KKR, AllianceBernstein, Altimeter Capital, Franklin Templeton, Luxor Capital Group
Series E
—
$1.8B
$17.3Bpost-money
—
Baillie Gifford, Fidelity Management & Research Company, Ontario Teachers' Pension Plan Board
Sony, Lightspeed Venture Partners, KKR, BlackRock, T. Rowe Price Associates, Smash Ventures, David Tepper
Epic Games · investors

Investors

Baillie GiffordLEADFFidelity Management & Research CompanyLEADOOntario Teachers' Pension Plan BoardLEADSSony Group CorporationLEADKKIRKBILEADTThe Walt Disney CompanyLEADKKRLEADSSonyLEADIICONIQ CapitalLEADTencentLEADKKIRKBIMMaquarie

Frequently asked questions

What is Epic Games's valuation?›

The last valuation is $22.5B (post-money, Feb 2024).

Who has invested in Epic Games?›

Lead investors for each round are in the funding timeline.

Who are Epic Games's competitors?›

The closest game development peers are on the competitors page.

How can I get exposure to Epic Games?›

The routes section explains what is realistically available for a company at this stage.

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