Pokémon GO Maker Niantic Raises $20 Million in Funding from The Pokémon Company Group, Google and Nintendo

on October 15, 2015 11:35 AM

Niantic Inc., the maker behind Pokémon GO, has raised its Series A financing round from companies The Pokémon Company Group, Google and Nintendo.

The companies will be investing an initial amount of $20 million and an additional $10 million conditioned upon achieving certain milestones.

Series A financing is a company’s first significant round of venture capital financing. This is when company ownership is offered to external investors for the first time.

Pokémon GO will be available on both the App Store and Google Play in 2016.

 /  Staff Writer
A Reviews Editor at DualShockers who is always looking to improve her writing and delve deeper into the industry. She is shamelessly in love with JRPGs and can easily rack up 100+ hours from level grinding alone. Even though she graduated from Hofstra University with a B.A. in Public Relations, her talent and wisdom (read: blind luck) landed her a job at DualShockers, where she continues to plot her escape by betraying their secrets for power and world domination.