Niantic raises Series A financing of Dollars 20 mln

Given the aforementioned power of the brand, it’s for this reason why it’s not shocking to hear that Nintendo, The Pokemon Company, and Google have thrown quite a lot of money at the studio behind the new game. Another $ 10 million could be coming its way if certain milestones are reached.

Since the feat to capture, train and play with Pokemon using real world setting seem too good to be true, rumors have started churning that the game’s development has been cancelled.

Pokemon Go developer Niantic on Thursday announced that it has raised $20 million in Series A funding from a round of investors that included The Pokemon Company, Google, and Nintendo.

Pokemon GO could turn out to be better than what its teaser showed last month, courtesy a $ 30 million boost to Niantic.

It’s not surprising in the least to have seen the immediate reaction that gamers and casual players had after seeing the reveal for Pokemon GO. Niantic will leverage the funding and strategic relationships to continue work on its “Pokemon Go” game, support its Ingress community, scale its platform and bring new games to market. The game will feature a device called Pokemon Go Plus that connects via Bluetooth. “What we’re looking to do is grow the whole category of real-world games”, Niantic chief executive officer John Hanke wrote. “The Pokemon Company is committed to partnering with companies like Niantic that share the same spirit of community and innovation”.

When “Pokemon Go” was announced as one of the first mobile games from Nintendo, fans were not only excited to play it, but they also felt that it would be one of the biggest titles ever.

Meanwhile, on the other hand Google’s development executive Don Harrison stated that Niantic’s idea of combining geo-location technology, dynamic storytelling and innovative game design for Pokemon GO actually left them amazed and that the tech giant will openheartedly help the company throughout their journey.