Niantic has just closed a successful round of investment, closing a $200 million Series B funding round led by Spark Capital and including Founders Fund, Meritech, Javelin, You & Mr. Jones and NetEase as additional investors.

John Hanke shared the following in a statement given to the Business Insider:

“We are excited to be working with NetEase, Spark, and our other new investors. This round enables new strategic opportunities and enhances our ability to make long term investments in augmented reality and the Niantic real-world platform.”

The details of are the whole deal are still unclear, but it is confirmed that Spark partner Megan Quinn will join Niantic’s board as part of the deal. Quin and Hanke used to work together at Google before Niantic spun out of it.

Niantic has previously raised only roughly around $33 million in funding, which makes this funding round both a staggering and an unexpected success.

Megan Quinn, Spark Capital

Megan Quinn is a General Partner at Spark Capital, focusing on growth investments. Quinn shared the following on Twitter:

What is the ‘Series B Financing’

via Investopedia

Series B financing is the second round of financing for a business through any type of investment including private equity investors and venture capitalists. Successive rounds of financing or funding a business are consecutively termed Series A, Series B and Series C financing. The Series B round generally takes place when the company has accomplished certain milestones in developing its business.

  • Jayden Plays Pokemon GO

    Psssh. I’ll say this is worth the money if they can drop trading and PvP soon

    • Cokraine

      What point would PvP have with such a fkd up battle system?

      • Eskimo Joe

        Agreed, new battle system first!

      • Jayden Plays Pokemon GO

        I meant later. And it would have to be Real Time Battles like Clash Royale instead of fighting the sucky Ai

    • Michal Hušák

      I do not thing trading will ever happen. Reason: I am sending to trash legendaries and hi IV pokemons becous I have no more space for them and I have better one. I will be more happy to trade them for pidgey with begginers. As the results begginers will not need to buy incubators/raidpass e.t.c. . Such pokemon recycling will kill Niantic busines …

      • Jayden Plays Pokemon GO

        Well they would have to hope that people don’t do that. And people aren’t dumb enough to trade their legendary for a pidgey. And you can always decline trading if it’s not worthy to you

        • Michal Hušák

          It is better to give a good pokemon to somebody for free, than send to trash. This is not dumb.

      • Minismurfen3

        Trading will probably come, but maybe without the ability to trade legendaries and regionals.

    • Tor-Iver Sørensen

      Trading cannot happen until they get a permanent fix on spoofing.
      Anyone could just make a spoofer account and transfer to your main account. And you would have a legit account with all pokémon.

      Unless, ofc, they leave legendarys and regionals out of trading.

      • Jayden Plays Pokemon GO

        I think it’s gonna be where you need 2 separate devices and some wireless trade (or have a link cable) to trade. Also, in the main games, you can trade ANY Pokémon. So it would kill the point of trading. Maybe someone has an extra lugia but needs a Moltres or Zapdos. The person needs Lugia and has extra of something you need. BAM! Everyone’s happy

    • Xone

      People have been trashing the game since the beginning for lack of trading and pvp. What many don’t realize is Niantic actually DID make the game as it was originally intended. The first gameboy games were changed in development. They were originally not going to have any type of battle system. In fact, catch success was based on a prestige system very much like what PoGo uses.

      • Jayden Plays Pokemon GO

        Actually. Trading and PvP was in the trailer for the game which is what we were expecting Niantic was intending. So if they can’t come through with their own words I’m gonna say they’re not making a use of their money

        • Xone

          I never watched the trailer before I began playing. People can put what they want in a trailer for a game, movie or w/e. It doesn’t mean that what is in a trailer WILL be in a game, movie, ect. I watched the trailer because of this comment, and yes, while it did display trading and what looked like PvP in there that still means nothing. Take Blizzard for example. In order to squash complaints (players till whine and complain) they have something called their “Forward Looking Statements Policy” in simpled terms: If we say we’re gonna do something or somethings going to happen it doesn’t mean we/it will. If people are basing their complaints on the PoGo trailer as “it should be in-game” look at the graphics, realistic visuals, and how the pokemon interact in the trailer, how the gym battle worked… none of that works as it does in the game and it’s still it’s perfectly fine.

          • Chris Denton

            I like where those 2 kids are out in the middle of nowhere and there is a wild charizard. I’m sitting here thinking, wait, where are the skyscrapers?

            No city, no Pokémon. Also, I disagree with what you said about the trailer not needing to reflect the game it’s for. The trailer was for marketing purposes and what they showed is not even remotely close to what we got.

  • Daniel Doiron

    SO how about ACTUAL updates we asked , and not fake lazy ones ?? , jesus

  • ino

    We cant have a salty discussion without mentioning ” the PoGO Plus problem”

  • Chris Denton

    The people investing must know more about the future then I do. I won’t give them another cent.

  • Marina Taccori

    già, “$” il suo unico scopo, che noi li perdiamo a causa del mal funzionamento non le frega niente. Come il fatto che il raid scade mentre è in cattura il bos e a causa dei continui blocchi non si può più recuperare … ma si l’importante e che ci abbiamo buttato i $ e loro hanno preso. il resto non conta