Palmer Luckey’s Retro Gaming Startup ModRetro Reportedly Seeks Funding At $1B Valuation

ModRetro, Palmer Luckey's retro gaming startup, seeks funding at a $1 billion valuation. Here's why this Game Boy revival is turning heads.
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Palmer Luckey’s Retro Gaming Startup ModRetro Reportedly Seeks Funding At $1B Valuation
Palmer Luckey's retro gaming startup ModRetro is reportedly in talks to raise new funding at a staggering $1 billion valuation. If you're wondering whether a company selling Game Boy-style handhelds can really be worth that much — you're not alone. Here's everything you need to know about ModRetro, the Chromatic device, and why this story is far more complicated than it looks. What Is ModRetro — and Why Is Everyone Talking About It? ModRetro is a retro gaming hardware company founded by Palmer Luckey, the entrepreneur best known as the creator of the Oculus Rift virtual reality headset. The company's mission sounds deceptively simple: build premium, authentic recreations of classic gaming hardware for a generation of players who grew up with cartridges, not downloads. But behind that nostalgic mission is a surprisingly serious business story unfolding in real time. According to a recent report from the Financial Times, ModRetro is currently in active discussions to r…