Nintendo, the Pokémon Company, and Google have invested at least $20 million in Pokémon Go developer Niantic in a new Series A financing round. Another $10 million could be invested if an undisclosed milestone is hit.
"The Pokémon Company, Google and Nintendo are incredible investors and strategic partners to help build the next chapter for Niantic," said Niantic CEO John Hanke. "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."
Niantic was originally part of Google before it became independent earlier this year. The company was behind Google's Ingress and is currently developing the free-to-play mobile game Pokémon Go. In the game players will try to catch Pokémon in the real world using the cameras on their smartphones.
Pokémon Go releases on iOS and Android platforms next year.
Source:
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