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

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

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.