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.

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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.

Source