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Sony, KIRKBI Bet on Metaverse with Epic Games Investment

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Epic Games Inc. has generated $2 billion from its latest funding round participated in by investors such as Sony Group Corp. and KIRKBI with a long-term strategy toward the metaverse, according to a statement.

Epic said both Sony and The LEGO Group backer KIRKBI both invested $1 billion each, bringing the company’s post-transaction valuation to $31.5 billion. The closing of the deal is subject to regulatory approval.

Sony Group President and Chief Executive Kenichiro Yoshida said the investment will deepen the company’s relationship in the metaverse field and fast-track its efforts involving new digital fan experiences.

KIRKBI Chief Executive Søren Thorup Sørensen said part of the investments will be focused on trends seen to impact the future, and accelerate engagement in the digital play world with a long-term focus on the future metaverse.

Epic Games Chief Executive Tim Sweeney said the additional funds will accelerate the firm’s metaverse and create more spaces for players to interact.

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