A group of investors led a $1.78bn funding round in Epic Games.

A group of investors led a $1.78bn funding round in Epic Games, a North Carolina-based video games developer, giving the company a valuation of $17.3bn. The round includes a $250m investment made in July by Sony. The group of investors consists of Baillie Gifford, BlackRock, Fidelity Management & Research Company, Lightspeed Venture Partners, Ontario Teachers’ Pension Plan Board, T. Rowe Price Associates, David Tepper, KKR and Smash Ventures. “Having the support of leaders in the financial community accelerates Epic’s efforts to build a new kind of digital ecosystem using real-time 3D technology, services that connect hundreds of millions of people, and a digital storefront that offers a fair business model. We are delighted to have them as part of the Epic family,” Tim Sweeney, Epic Games CEO.