Fortnite creator Epic Games backs tech startup Hadean’s $30 million Series A

Quick Take

  • Metaverse infrastructure developer Hadean raised $30 million in Series A funding. 
  • Fortnite creator Epic Games, as well as Molten Ventures, 2050 Capital, Alumni Ventures, Aster Capital, Entrepreneur First and InQTel participated in the funding. 
  • Hadean will build the infrastructure to help give metaverse capabilities to Epic’s Unreal Engine, undergirding the hit game Fortnite.

Metaverse infrastructure developer Hadean raised $30 million in Series A funding with participation from Epic Games, creator of the hit game Fortnite. 

European investment firm Molten Ventures led the round, with 2050 Capital, Alumni Ventures, Aster Capital, Entrepreneur First and InQTel also providing support, Hadean said in a press release.

Hadean builds out virtual worlds, and will use the funding to continue building out secure, interoperable and scalable metaverse infrastructure. 

“Hadean’s computing power will provide the infrastructure that’s needed as we work to create a scalable metaverse,” said Marc Petit, vice president of Epic’s Unreal Engine Ecosystem. “The company’s technology complements Epic’s Unreal Engine by enabling massive amounts of concurrent users and unlocking new tools for creators and developers.”

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Unreal Engine is a photorealistic 3D creation tool that can be used for gaming, film, simulations and more. It is this engine that powers the hit video game Fortnite, which has more than 80 million monthly active users and 3 million users online at any given time, reports GamesRadar

Hadean inked other deals with video game giants, such as Sony and the firm behind Minecraft, the company said. 


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About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.