Investments·Updated Mar 17, 2026 by Digital Development Management
Excluding the outlier Microsoft-Activision Blizzard deal from late 2023, Q1 2024 investment and M&A activity nearly doubled compared to the previous quarter, totaling $4.3 billion.
Investment value reached $2.2 billion across 178 deals, the highest quarterly total since mid-2022, driven primarily by Disney’s $1.5 billion investment in Epic Games.
New fund announcements rose 36% year-over-year to $13.7 billion, supported by major raises from Andreessen Horowitz and Y Combinator.
M&A activity totaled $2.0 billion across 41 transactions, with the $1.6 billion acquisition of Kahoot! accounting for 76% of that value.
Blockchain-related interests saw a resurgence in funding, with $8.3 billion in new funds targeting the sector, largely due to a single $7.0 billion fund from Andreessen Horowitz.
Europe dominated the M&A landscape in Q1 2024, accounting for 76% of total deal value and 46% of deal volume.
Transparency in the investment market declined, as a record 39% of deals did not disclose financial terms.
Excluding the outlier Microsoft-Activision Blizzard deal from late 2023, Q1 2024 investment and M&A activity nearly doubled compared to the previous quarter, totaling $4.3 billion.
Investment value reached $2.2 billion across 178 deals, the highest quarterly total since mid-2022, driven primarily by Disney’s $1.5 billion investment in Epic Games.
New fund announcements rose 36% year-over-year to $13.7 billion, supported by major raises from Andreessen Horowitz and Y Combinator.
M&A activity totaled $2.0 billion across 41 transactions, with the $1.6 billion acquisition of Kahoot! accounting for 76% of that value.
Blockchain-related interests saw a resurgence in funding, with $8.3 billion in new funds targeting the sector, largely due to a single $7.0 billion fund from Andreessen Horowitz.
Europe dominated the M&A landscape in Q1 2024, accounting for 76% of total deal value and 46% of deal volume.
Transparency in the investment market declined, as a record 39% of deals did not disclose financial terms.