Mobile GamesNews

Pokemon Go Developer Niantic Receives $300 Million Investment

The company behind the famous mobile game Pokemon GO has announced that it received a $300 million investment coming from Coatue, a global investment manager. After this investment, Niantic has its value increased to $9 billion.

As a company that helps the community, Niantic has said that it will be using these funds to invest in the present and future apps, expand the Lightship developer platform and maybe build its version of the Metaverse.

The Lightship platform is a platform where Niantic has enabled developers from all around the globe to test out and/or realize their ideas for AR and the Real-World Metaverse. The partners of the Lightship Platform are Coachella, Historic Royal Palaces, Lifull, the PGA of America, Science Museum Group, Shueisha, SoftBank, the artist JR and Superblue, TRIPP, Universal Pictures, and Warner Music Group.

John Hanke, Niantic’s Founder and CEO has said the following:

“We’re building a future where the real world is overlaid with digital creations, entertainment, and information, making it more magical, fun, and informative. This will take a significant investment of talent, technology, and imagination, and we’re thrilled that Coatue is on this journey with us.”

After the investment was completed, Matt Mazzeo, a General Partner at Coatue has announced:

“Niantic is building a platform for AR based on a 3D map of the world that we believe will play a critical role in the next transition in computing. We are excited to partner with Niantic because we see this infrastructure supporting a metaverse for the real world and helping to power the next evolution of the internet.”

The sun shines high when companies want to invest in the future of talented individuals and help the community.

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Dejan Kacurov

Hey there, I'm Dejan! Let me take you through my life, where family, gaming, and CrossFit play prominent roles. Since day one, I've been surrounded by the love and support of my family. Growing up, every moment spent with my parents and siblings was filled with warmth and laughter, creating memories I hold dear. As a parent now, I've experienced a whole new level of love and responsibility. My two wonderful kids bring endless joy and a sense of purpose to my life. In the digital realm, I found my passion - gaming. Whether I'm conquering the world of Apex Legends or embarking on adventures in Pokemon Go, gaming fuels my sense of adventure and competition. Beyond the virtual world, I discovered the exhilaration of CrossFit. The challenging workouts, camaraderie with fellow fitness enthusiasts, and constant drive to push my limits have become an integral part of my life. Balancing family time, gaming, and CrossFit has been a journey of self-discovery. Each passion complements the other, bringing fulfillment and joy to my daily routine.

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