Niantic has secured a $20 million investment from The Pokémon Company, Google and Nintendo, with an additional $10 million pledged if they achieve certain milestones.
The company will the funding and their newly established strategic relationships “to help build the next chapter for Niantic,” which will see Pokémon GO’s development spurred as they look to scale their platform and introduce other new games to market.
“The Pokémon Company, Google and Nintendo are incredible investors and strategic partners to help build the next chapter for Niantic,” Niantic CEO John Hanke comments. “We will be using this capital to continue the development of Pokémon GO, to evolve and grow Ingress and its thriving global community, and to build out our real-world gaming platform.”
The Pokémon Company CEO and president Tsunekazu Ishihara adds, “Pokémon’s strategic investment in Niantic paves the way for a social mobile experience the world has never seen before. The Pokémon Company is committed to partnering with companies like Niantic that share the same spirit of community and innovation.”
Pokémon GO will be available for download at no charge on the App Store and Google Play in 2016.