InvestGame: Gaming Investment Deals Report - Q1 2023
Number of deals increased but the volume is declining.
The market is cooling off after the outstanding performance of 2021 and 2022.
Private investments
The number of private investments increased compared to the previous two quarters. But the overall size of investments decreased - in Q1’23 it was about $1B.
The majority of deals in Q1’23 have been in the early stages. The largest rounds of the quarter are VSPO ($265M), Believer ($55M), and CCP Games ($40M).
Of all deals (141), 32 were in product companies in the early stages.
Two product companies in Q1’23 received a later stages investment - CCP Games and Carry1st.
Corporate investments
10 corporate deals happened in Q1’23. The majority of them are of undisclosed amount.
M&A
In Q1’23 the M&A activity was minor. The number of deals was twice less than a year before.
The overall size of deals was $0.6B. However, the second quarter will be more prominent - we already know about Savvy Games Group x Scopely and SEGA x Rovio deals.
Public offerings
9 public offerings happened in Q1’23 with an overall sum of $0.5B.
InvestGame experts are sure that the situation won’t be better anytime soon.
Subscribe to the InvestGame newsletter to know about the latest deals first.