via TechCrunch
Typically companies raise massive amounts of VC when they want to expand even faster, even if they are already making a healthy profit.Investors in the latest round include KKR, Iconiq Capital, Smash Ventures, Vulcan Capital, Lightspeed Venture Partners, as well as gaming companies like aXiomatic, which announced a significant investment from the NBA legend Michael Jordan earlier in October.
The new investors are joining Tencent, Disney, and Endeavor as minority shareholders in the company — which amazingly still is controlled by its chief executive and founder, Tim Sweeney.
"Epic Games has fundamentally changed the model for interactive entertainment under the company's visionary leadership," said Ted Oberwager of KKR, in a statement.