Memoir Games receives $2 billion funding from Sony and Lego’s parent company

Memoir Games has bought two broad briefcases stuffed with money which is ready to abet it “approach the corporate’s imaginative and prescient to construct the metaverse and offers a raise to its continued growth.” Sony and Kirkbi, the majority owner of The Lego Neighborhood, are each and each plowing $1 billion into the publisher. The funding puts the submit-money fairness valuation of Memoir at $31.5 billion, while founder and CEO Tim Sweeney remains as a lot as the designate.

It be no longer the foremost time that Sony has invested in Memoir. It gave the corporate a $250 million money injection in 2020 in exchange for a minority stake. Kirkbi also has an existing relationship with Memoir. Fine final week, the publisher and The Lego Neighborhood announced a partnership to construct a baby-friendly metaverse, presumably within the hope of disturbing the likes of Minecraft and Roblox.

“As we reimagine the longer term of leisure and play we prefer companions who half our imaginative and prescient. Now we contain came across this in our partnership with Sony and Kirkbi,” Sweeney talked about in a press release. “This funding will tempo up our work to construct the metaverse and make areas where avid gamers can contain relaxing with chums, brands can construct inventive and immersive experiences and creators can construct a community and thrive.”

Memoir has been piecing collectively a metaverse (a shared digital world for all manner of experiences) inner Fortnite over the final several years. It constructed on the success of the core fight royale mode by introducing dozens of crossover skins, digital objects and dance strikes; in-game movie nights and live reveals; and a inventive mode that lets performs construct correct in regards to the leisure they can factor in.