Pokemon Go maker Niantic catches $200 million in funding

From CNET

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Pokemon Go maker Niantic has caught itself $200 million in funding.


Niantic

The maker of Pokemon Go, the hit augmented-related game about catching cute little monsters, has made a catch of its own: lots of dollars.

Niantic confirmed a Wall Street Journal report Friday that it’s raised a whopping $200 million Series B funding round led by Spark Capital. Additional investors include Founders Fund, Meritech, Javelin, You & Mr. Jones and NetEase.

“This round enables new strategic opportunities and enhances our ability to make long-term investments in augmented reality and the Niantic real-world platform,” Niantic CEO John Hanke said in a statement.

Pokemon Go launched in July 2016 and by many measures was the fastest-growing app of all time. A year later, 65 million people were still playing the game each month, according to Niantic. But…

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