DDM: Gaming Investment Market in Q3 2023
For the first time in a long time, there is an increase, not a decline.
DDM includes blockchain transactions as well as AI startups.
The total volume of closed deals in the third quarter amounted to $7.1 billion. There were a total of 166 transactions in the quarter.
The volume is 769% higher than in the previous quarter, while the number of transactions decreased by 18%. The third quarter saw deals between Savvy Games Group and Scopyle, as well as SEGA and Rovio, generating the majority of the volume.
Private Investments
In the third quarter, 136 deals were made (20% less than the previous quarter) with a total volume of $965.4 million (36% more than the previous quarter). For the first time since the second quarter of 2022, the market has grown.
Most investments by volume were made in mobile studios (29%), PC/console studios (27%), and technology (26%).
According to DDM estimates, undisclosed transactions totaling $1 billion took place in the quarter.
Early-stage investments accounted for approximately 50% of the total volume and 65% of the total number of transactions.
Candivore ($100 million), Futureverse ($54 million), and Inworld AI ($50 million) were the largest private deals of the quarter.
It’s time to kick Slack and Google Drive out of the game development pipeline.
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WeMade, Samsung, Andreessen Horowitz, Polygon, and BITKRAFT Ventures were the most active private investors of the quarter.
M&A
In the third quarter, 30 deals were made (9% less than the previous quarter) with a total volume of $6.1 billion (5569% more than the previous quarter).
Deals with Scopely and Rovio accounted for 92% of the total volume of the quarter.
Do you have more details about browser games?
I find your reports so insightful and interesting. very well laid out, and not too long - so always engaging. thank you