Pokemon RICH

US-based software developer Niantic became a global phenomenon when it released the augmented reality mobile game Pokémon GO in 2016. Since then, the company hasn't looked back - continually improving the experience and building upon its own IP, while acquiring new licenses to work with at the same time. To this day, GO continues to be a money-maker for the company, banking $80 million in the month of November.

If that's not impressive enough, The Wall Street Journal is reporting Niantic is now worth close to $4 billion. The company recently managed to raise $200 million via venture capital from GO. In contrast, last year it raised $200 million for a valuation of around $2.7 billion. This illustrates how investors still have faith in the mobile developer and the GO craze in general. In the US, the title is in the top 200 apps (according to downloads).

Earlier this month, Sensor Tower said GO's introduction of PvP multiplayer battles would result in "unprecedented" player spending. To put the company's value in perspective, this was Epic Game's amount in Spring. In saying this, the Fortnite creator is now worth around $15 billion.

[via polygon.com]