Last month, The Pokémon Company surprised and delighted us by announcing Pokémon GO, a mobile game that lets you capture and battle Pokémon in the real world with augmented reality. This exciting game is getting a lot more attention than an average mobile title, and Nintendo even helped develop it. Today we have learned that it’s also very well financed.
Developer Niantic has announced via press release that it has raised its Series A financing round from three sources: The Pokémon Company, Nintendo, and, surprisingly, Google. This funding includes a whopping $20 million up front (an unusually high number for a mobile game) and another $10 million conditioned upon achieving certain milestones. You can check out official statements from the companies below.
“The Pokémon Company, Google and Nintendo are incredible investors and strategic partners to help build the next chapter for Niantic. We will be using this capital to continue the development of Pokémon GO, to evolve and grow Ingress and its thriving global community, and to build out our real-world gaming platform.”
— John Hank, Niantic’s CEO
“Pokémon’s strategic investment in Niantic paves the way for a social mobile experience the world has never seen before. The Pokémon Company is committed to partnering with companies like Niantic that share the same spirit of community and innovation.”
— Tsunekazu Ishihara, The Pokémon Company’s CEO
“Niantic has shown the great potential of mixing geolocation technology, dynamic storytelling and innovative game design, and we’re excited to continue supporting the team on their journey.”
— Don Harrison, Google’s VP of Corporate Development
Source: Nintendo Everything