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Epic Games

Makes Fortnite and Unreal Engine. Fortnite is one of the most played games in the world; Unreal Engine is the toolkit a large share of the games industry builds on, and is increasingly used in film and television production too. It also runs the Epic Games Store, which competes with Steam on a lower commission.

$22.5BClosed
Strategic investment · Feb 2024
Filed
~$13.8B−39%
Fidelity fund mark, scaled to last round · N-PORT · 31 Aug 2026
Details

Fidelity Growth Company Fund carried its Epic shares at $368.37 each on 31 Aug 2026, against $600 in the February 2024 round: $22.5B x 368.37/600 = $13.8B. That assumes the share count has not changed since the round, which cannot be checked. ARK Venture Fund carried the shares at $400.00 a month earlier.

Closeddeal done Filedofficial filing, not final Reportedreported, unconfirmed More

2
Rounds tracked
-39% 1Y
Trailing return · to fund mark

Named as a constituent of Morningstar PitchBook Unicorn 20 Index, Morningstar PitchBook Unicorn 30, Morningstar PitchBook Global Unicorn, Morningstar PitchBook US Unicorn 100, Morningstar PitchBook Global Artificial Intelligence Unicorn and Forge Accuidity Private Market Index — a fact about those indexes, not an endorsement.

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13.2
PrePost Index · out of 100

PrePost's proprietary index, combining capital-raising momentum, market-pricing confidence, and investor strength into one comparable score from 0 to 100. It lets you compare companies on those three measures; it is not a rating of the investment. How it works

Epic Games valuation history

Epic is the first company on this site marked *below* the price of its own last round, which is the reason to read its page carefully. Disney invested $1.5bn in February 2024 at $600 a share. Every fund here that reports holding Epic now carries it lower: $465.16, $446.42 and $400.00. Fidelity Growth Company Fund, which is not one of the funds listed on this site, carried it at $368.37 on 31 Aug 2026, the most recent mark PrePost has read. That February 2024 round was itself a down round, at $22.5bn against the $31.5bn Sony and KIRKBI paid in April 2022. What that does and does not mean. These are three funds' fair value estimates filed with the SEC, not trades. They are a genuine independent read, which is more than most private companies get, but they are opinions with a methodology behind them rather than a price anyone actually paid. The company-level estimate here is derived, not observed. Epic files no share register, so PrePost scaled its last round by the change in per-share mark. If Epic has issued shares since February 2024 the figure is too high; if it has bought some back, too low. The per-share marks are the solid part of this record.