By Will Robinson
Updated October 15, 2015 at 10:23 PM EDT
Credit: The Official Pokémon Channel
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​Good news came on Thursday for fans eagerly awaiting Pokémon GO. The app’s developer, Niantic, announced it acquired $20 million during the Series A funding round from some heavy hitters including Google, Nintendo, and the parent Pokémon Company.

“The Pokémon Company, Google, and Nintendo are incredible investors and strategic partners to help build the next chapter for Niantic,” Niantic CEO John Hanke said in a statement, via Gamespot. “We will be using this capital to continue the development of Pokémon GO, to evolve and grow Ingress and its thriving global community, and to build out our real-world gaming platform.” Pending production milestones, Niantic is eligible for another $10 million. The company was founded by Google Earth co-creator John Hanke and split from Google this year.

The game is an augmented reality one, allowing users to venture into the “real world” to catch their own Pokémon, battle other users, and fulfill dreams of everyone ages 6 to 30. You can see what that means here:

The game will be released in 2016 on iOS and Android devices.


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