Cary’s Epic Games raises more than a billion dollars from investors

Cary-based Epic Games, the maker of the ultra popular video game “Fortnite,” has raised more than a billion dollars from investors.

A collection of investment firms, including KKR, ICONIQ Capital and Lightspeed Venture Partners, pumped $1.25 billion into the company, Epic said in a release on Friday.

The most recent round of funding — which comes on top of earlier investments from Walt Disney and Chinese tech giant Tencent — values the company at around $15 billion, according to multiple reports.

If that valuation is true, it could make the company the most valued venture-backed company in North Carolina. Investment data firm Pitchbook said earlier this year that Charlotte-based fintech company AvidXchange was the highest-valued venture-backed company in the state, with a valuation of $1.4 billion.

“This reinforces Epic’s position of leadership in real-time 3D technology, and accelerates our ability to improve the way people play, work, and interact with the world,” Epic CEO and founder Tim Sweeney said in a release.

Epic on Monday declined to comment further on the funding.

Founded in 1991, Epic Games has made a name for itself with games such as “Gears of War” and “Shadow Complex.” But the company leaped into another stratosphere when it released “Fortnite,” a battle-royale-style game that has become one of the most popular titles on the market.

Epic has said “Fortnite” attracted more than 125 million players as of June.

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