HISTORICAL P100 / #12

Epic Games

Gaming & Entertainment · United States

Historical ranking valuation$31.5BSource snapshot: Jun 19, 2026

Disclosed primary funding in this record

$1B

Sum of non-overlapping disclosed USD amounts in confirmed primary financing entries in this record, including separately labeled equity components; not verified lifetime funding. Excludes amounts already included in a later round, announced, reported, database-only, debt, secondary and unclassified events.

1 confirmed primary rounds with disclosed USD amounts · Record through 2026-09-25

THE BUSINESS

Get to know Epic Games.

Epic Games develops Fortnite and operates a wider creator and developer ecosystem. Its products include Unreal Engine, the Epic Games Store and Epic Online Services for building, distributing and running games and other digital content.

Epic Games company overview ↗Source checked Sep 22, 2026

Valuation history

Valuations reported at the time of each round.

Apr 11, 2022$31.5B post-moneySony/KIRKBI funding round (announced) · AnnouncedSource ↗

Apr 13, 2021$28.7B equity$1B funding round · ConfirmedSource ↗

Aug 6, 2020$17.3B post-moneyPrimary and employee-secondary funding package · ConfirmedSource ↗

Funding history

Funding rounds, debt and other financing events.

9sourced events · record as of 2026-09-25

Disney's announced $1.5B stake purchase was completed in fiscal 2024, not a second round. Epic's 2022 $2B Sony/KIRKBI round was conditional when announced; Sony later confirmed its $1B component. The 2020 $1.78B total mixes primary and employee-secondary purchases and includes Sony's $250M. The 2018 investment and Tencent's 2012 share acquisition lack a primary/secondary split. Unsupported database series labels were removed. This is not a complete legal funding register.

Feb 7, 2024LATEST SOURCED

other

Disney equity-stake investment (announcement)

The Walt Disney Company (lead)

Included in 2024 Disney completed equity-stake investment; not added again to the confirmed-raised sum.

Subject to closing conditions at announcement; Disney's later fiscal 2024 report records the full $1.5B investment.

Amount$1.5B announcedValuationUndisclosed

202408

other

Disney completed equity-stake investment

The Walt Disney Company (lead)

Disney reports $1.5B invested in Epic during fiscal 2024 and an 8% interest at September 28, 2024. Its interim filing says $1B for 5% was acquired in April and another $500M for 2% was committed for July. The public filings do not allocate issuer proceeds versus existing-holder sales; 8% is a historical Disney stake, not a current cap-table claim.

Amount$1.5BValuationUndisclosed

Jun 2, 202207

other

Sony component of April 2022 round (completed)

Sony Group Corporation (lead)

Included in 2022-04-11 Sony/KIRKBI funding round; not added again to the confirmed-raised sum.

Sony confirms completion of its approximately $1B strategic investment under the April agreement. This is a component of, not a separate $1B round on top of, the announced $2B package.

AmountApproximately $1BValuationUndisclosed

Apr 11, 202206

primary

Sony/KIRKBI funding round (announced)

Sony Group Corporation · KIRKBI

Epic announced $1B from each party, subject to customary closing conditions. Sony's $1B completion is independently confirmed in June; a full-package final close is not separately evidenced here.

Amount$2BValuation$31.5B post-money

Apr 13, 202105

primary

$1B funding round

Sony Group Corporation · Appaloosa · Baillie Gifford · Fidelity Management & Research Company · GIC · T. Rowe Price · Ontario Teachers’ Pension Plan Board · BlackRock · +6 more

Epic calls the $1B funding round completed and says Sony's $200M is included. The issuer does not assign a series label or a lead investor.

Amount$1BValuation$28.7B equity

Aug 6, 202004

other

Primary and employee-secondary funding package

Sony Corporation · Baillie Gifford · BlackRock · Fidelity Management & Research Company · Lightspeed Venture Partners · Ontario Teachers’ Pension Plan Board · T. Rowe Price · David Tepper · +2 more

The issuer explicitly says the $1.78B includes primary capital and purchases from employee equity holders; the split is undisclosed. Sony's earlier $250M announcement is included in this package.

Amount$1.78B mixed primary and secondaryValuation$17.3B post-money

Jul 9, 202003

other

Sony strategic investment (announced)

Sony Corporation (lead)

Included in 2020-08-06 mixed primary and employee-secondary funding package; not added again to the confirmed-raised sum.

Sony's agreement was subject to closing conditions and was later included in Epic's August $1.78B package; it must not be summed again.

Amount$250M announcedValuationUndisclosed

Oct 26, 201802

other

Strategic minority investment

KKR · ICONIQ Capital · Smash Ventures · aXiomatic · Vulcan Capital · Kleiner Perkins · Lightspeed Venture Partners

Epic says it received approximately $1.25B from the named firms. The release gives no series designation or breakdown of new issuer proceeds versus purchased existing shares.

AmountApproximately $1.25BValuationUndisclosed

Jul 201201

other

Tencent minority share acquisition

Tencent (lead)

Tencent says it acquired shares representing 48.4% of then-issued Epic share capital in July 2012 for $330M. The report does not establish a Series D, the primary/secondary allocation or Tencent's current ownership.

Amount$330M considerationValuationUndisclosed

Financing participants

Investors, lenders and other parties named in funding announcements.

The Walt Disney Company

Disney equity-stake investment (announcement) · Feb 7, 2024 · Lead participant · other · Announced · Announced source ↗

Disney completed equity-stake investment · 2024 · Lead participant · other · Confirmed · Confirmed source ↗

Sony Group Corporation

Sony component of April 2022 round (completed) · Jun 2, 2022 · Lead participant · other · Confirmed · Confirmed source ↗

Sony/KIRKBI funding round (announced) · Apr 11, 2022 · Participant · primary · Announced · Announced source ↗