Private Valuation & Funding Round Tracker · Epic Games

Epic Games funding rounds & valuation history

Name: Epic Games Funding Rounds & Valuation History
Creator: growthnavigatefunding.net

Epic Games’ five closed rounds since 2018, from KKR’s group at nearly $15B to Disney’s $1.5B stake in 2024. Each row gives the amount, investors, valuation and its source. Epic stated its 2020 and 2022 valuations as post-money; the 2018 and 2024 figures were reported by the press, and the 2024 one is a 28.5% cut from the 2022 peak.

Last updated: 13 Nov 2026 (IST). Every figure re-checked against the linked sources that day. Rows: 5 Currency: US$, nominal

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Last round Closed

$22.5B

Disney’s $1.5B stake, Feb 2024

Reported by The Information; not confirmed by Epic or Disney.

Peak stated valuation

$31.5B

Post-money, Apr 2022 (Epic)

$31.5B → $22.5B

−28.6%

2024 ÷ 2022 (GNF calc.)

Raised in closed rounds

$7.53B

Five rounds, 2018–2024; includes some secondary sales

Round history

Newest first. Dashed badges and striped rows are not closed transactions. “—” means the source does not disclose the figure or it cannot be computed on the same basis; see the note in each row.

Epic Games funding rounds, October 2018 to February 2024
Date	Status	Round	Amount	Lead / buyer	Valuation	Val. ÷ run-rate	Source
7 Feb 2024	Closed round	Disney strategic investmentLast closed round. A 28.5% cut from 2022, per the report. Valuation not confirmed by either company.	$1.5BClosed in Disney’s fiscal 2024; Disney reports an 8% interest (10-K)	The Walt Disney Company	$22.5BReported by The Information (person familiar), via The News & Observer. Epic and Disney declined to state a valuation.0.71× vs prior closed	—Not disclosedNo run-rate stated in the announcement	Disney announcement, 7 Feb 2024Also: CNBC, 7 Feb 2024, The News & Observer, Mar 2024, Disney Form 10-K, fiscal 2024
11 Apr 2022	Closed round	Funding roundEpic said closing was subject to regulatory approvals; Sony held about 5% afterwards (News & Observer). Peak valuation.	$2B$1B each (Epic)	Sony Group, KIRKBI (LEGO family)	$31.5BPost-money equity valuation, stated by Epic1.10× vs prior closed	—Not disclosedNo run-rate stated in the announcement	Epic Games announcement, 11 Apr 2022Also: TechCrunch, 11 Apr 2022, The News & Observer, Mar 2024
13 Apr 2021	Closed round	Funding roundEpic says it “completed” the round.	$1BIncludes $200M strategic investment from Sony	Sony Group ($200M strategic)Also: Appaloosa, Baillie Gifford, Fidelity, GIC, T. Rowe Price, Ontario Teachers’, BlackRock, KKR and others	$28.7B“equity valuation is now $28.7 billion” (Epic); pre- or post-money not stated1.66× vs prior closed	—Not disclosedNo run-rate stated in the announcement	Epic Games announcement, 13 Apr 2021Also: CNBC, 13 Apr 2021
6 Aug 2020	Closed round	Funding round (primary + employee secondary)Primary/secondary split not disclosed. No step-up shown: the 2018 valuation is only “nearly $15B”.	$1.78BPrimary capital and secondary purchases from employees; includes Sony’s $250M	Sony ($250M strategic)Also: Baillie Gifford, BlackRock, Fidelity, Lightspeed, Ontario Teachers’, T. Rowe Price, David Tepper	$17.3BPost-money equity valuation, stated by Epic	—Not disclosedNo run-rate stated in the announcement	Epic Games announcement (via OTPP), 6 Aug 2020Also: CNBC, 6 Aug 2020
26 Oct 2018	Closed round	Strategic investment (reported valuation)Seven firms named by Epic (Variety); KKR listed first, no lead stated. Earliest round in this tracker.	~$1.25B“about $1.25 billion” (Epic via WSJ); partly share sales by existing holders	KKRAlso: ICONIQ Capital, Smash Ventures, aXiomatic, Vulcan Capital, Kleiner Perkins, Lightspeed	Nearly $15B“valued at almost $15 billion”, per people familiar (WSJ); not stated by Epic	—Not disclosedNo run-rate stated in the announcement	WSJ, 26 Oct 2018Also: Variety, 26 Oct 2018

“vs prior closed” = valuation ÷ the prior closed round’s valuation (GNF calc.). No step-up for 2020 because the 2018 valuation is approximate.

Valuation at each closed round

2020 and 2022 are post-money as stated by Epic. 2018 (“nearly $15B”, WSJ) and 2024 ($22.5B, The Information) are press reports.

RoundOct 2018~$15B
RoundAug 2020$17.3B
RoundApr 2021$28.7B
Sony/KIRKBIApr 2022$31.5B
DisneyFeb 2024$22.5B

Sources: Epic Games, WSJ, The Information via The News & Observer. US$ billions, linear scale.

Timeline

Each closed round, oldest first.

26 Oct 2018 · Closed
About $1.25B from KKR and six others at nearly $15B (WSJ).
6 Aug 2020 · Closed
$1.78B, primary and employee secondary, at $17.3B post-money.
13 Apr 2021 · Closed
$1B including $200M from Sony, at $28.7B.
11 Apr 2022 · Closed
$2B from Sony and KIRKBI at $31.5B post-money, the peak.
7 Feb 2024 · Closed
Disney invests $1.5B; $22.5B reported by The Information.

Still private: Epic Games has not filed to go public. Epic has a single class of common stock and is controlled by founder and CEO Tim Sweeney (Epic, 2022). Tencent is the largest outside investor, with about 40% acquired in 2012 (News & Observer), a minority stake. No round has been reported since Disney’s 2024 investment.

Cite this dataset

Free to quote with a link back. Copy this citation:

Epic Games Funding Rounds & Valuation History. Private Valuation & Funding Round Tracker, GrowthNavigateFunding.net, updated 13 Nov 2026. https://growthnavigatefunding.net/funding/epic-games/

Download the data

The same 5 rows as the table: numeric US$ columns, empty cells where a figure is not disclosed, and a source URL for every row.

File: epic-games-rounds.csv (UTF-8, comma-separated)
Stable URL: https://growthnavigatefunding.net/wp-content/uploads/2026/11/epic-games-rounds.csv
Columns: id, date, date_precision, status, transaction_type, round, amount_usd_low, amount_usd_high, lead_or_buyer, co_leads, valuation_usd_low, valuation_usd_high, valuation_basis, valuation_to_run_rate_multiple, multiple_bound, multiple_basis, step_up_vs_prior_closed, price_per_share_usd_low, price_per_share_usd_high, shares, source, source_url, other_source_urls, notes, last_updated
Updated: 13 Nov 2026 (IST)

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Methodology & status definitions

How each row is labelled and calculated.

Closed round

A completed investment announced by Epic or its investor. Valuations are as Epic stated them where it did; otherwise as reported, with the outlet named. The 2018 and 2020 rounds included sales of existing shares.

Valuation ÷ run-rate

Valuation ÷ the run-rate the company stated at that round (GNF calc.). Epic does not publish revenue or a run-rate, so no multiple is shown.

What is not a separate row

Tencent’s 2012 investment (about 40% for $330M, reported) and earlier deals. Sony’s $250M (July 2020), which is part of the August 2020 round. Private-market or broker estimates of Epic’s value, and Disney’s carrying value of its stake.

Updates & corrections

This page stays at one address and is updated in place; the “Last updated” date above drives the citation and the dataset metadata. Corrections: hello@growthnavigatefunding.net. Informational only; not investment advice.

Changelog

13 Nov 2026: Dataset first compiled: five closed rounds, 2018 to 2024, checked against the linked sources.