SGA: Serbian game industry in 2023
2022 was quite successful for the local industry.
15 largest companies earned €150M in revenue in 2022. The major chunk of this amount is generated by mobile titles.
There are more than 140 companies in Serbia, in which 1,700+ people are employed. 1/3 of them are female. Among leading positions, females are having half.
52% of those companies are developers, which are working on original IPs.
51 games have been published in 2022 by Serbian companies. 94 projects are in development.
Vorhaus Advisors is focused on providing top-level assistance to gaming and other digitally oriented media and related companies and technology.
Vorhaus takes on due diligence, deal introductions, sales intros, business development, corporate development, and strategic advice to a wide array of investors and operators.
Mike is focused on early and mid-stage start-ups and also serves on a number of public and private boards.
Mike takes on a limited number of engagements.
42% of games have a budget from €100k to €500k. Only 8% of games are having budget higher than €1M.
Interesting to see how a small country like Serbia has a healthy industy