The CEO behind ‘Pokémon Go’ says the company is cash-flow positive as it becomes worth almost $4 billion
|01/17/2019||Posted by BusinessMediaguide.Com under General World News||
- Niantic, the developer of “Pokémon Go” and the forthcoming “Harry Potter: Wizards Unite,” announced that it’s raised $245 million in a deal valuing it at “almost $4 billion.”
- CEO John Hanke tells us that Niantic is cash-flow positive, but the money helps it bunker down for a possible venture capital crunch as it starts the years-long road towards a possible IPO.
- The funding round brings in Samsung and Axiomatic Games as strategic investors — two companies that Hanke says are very important for helping Niantic realize its dream of bringing tech closer into the real world.
- Meanwhile, Niantic is also read more >>>