Pokémon GO developer Niantic this week shared that they had collectively received a $20 million investment from Google, Nintendo and The Pokémon Company, with another $10 million on the cards if they accomplish project milestones.
They will use that backing to drive development forward, which is looking to faithfully deliver a social mobile experience that promises to take the Pokémon experience into the great outdoors around the world.
When asked by TechCrunch as to his experiences working with Nintendo, Niantic CEO John Hanke replied:
“Terrific. It’s an honor to have the support and insights of a company that has brought decades of joy to people through their IP, game design, technology innovation. They share our same values of using innovation and play to bring people together. We have so much respect for Nintendo, as well as The Pokémon Company and of course Google. We couldn’t ask for a better group of companies.”
More news had been promised in “mid-October,” however it’s unclear whether Niantic had been referring to their announcement about the investment.
Pokémon GO will be available for download at no charge on the App Store and Google Play in 2016.