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Pokémon Go creator Niantic raises $190 million in a funding round it doesn’t need

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Pokémon Go creator Niantic has closed a $190 million round of funding, according to a document filed with the Securities and Exchange Commission.
Pokémon Go creator Niantic has closed a $190 million round of funding, according to a document filed with the Securities and Exchange Commission.
That all but confirms that Niantic is raising money precisely at a time when it doesn’t need it. Niantic declined comment, but the filing comes after a Wall Street Journal report last month that said the company was closing a $200 million funding from investors, including IVP, aXiomatic Gaming and Samsung, at a value of $3.9 billion.
The round closed on December 20, according to the new documents. Niantic has now raised more than $415 million to date. The filing said there are 26 investors in the round. Other investors include The Pokemon Company, Google, Founders Fund, Spark Capital and Alsop Louie Partners, among others.

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