Q2 2023 gaming investment reached $1.1 billion across 110 deals, marking a 12.1% increase in total value from the previous quarter despite a 57.5% year-over-year decline in deal volume.

According to "Gaming Report: VC Trends and Emerging Opportunities Q2 2023": Q2 2023 gaming investment reached $1.1 billion across 110 deals, marking a 12.1% increase in total value from the previous quarter despite a 57.5% year-over-year decline in deal volume.

Capital is increasingly concentrated in larger, late-stage investments, though seed and angel rounds still account for 71.8% of total deal activity.

According to "Gaming Report: VC Trends and Emerging Opportunities Q2 2023": Capital is increasingly concentrated in larger, late-stage investments, though seed and angel rounds still account for 71.8% of total deal activity.

Development and content segments are the primary drivers of capital, attracting $488 million and $483 million in deal value respectively.

According to "Gaming Report: VC Trends and Emerging Opportunities Q2 2023": Development and content segments are the primary drivers of capital, attracting $488 million and $483 million in deal value respectively.

North America remains the leading region for gaming investment, securing $1.3 billion in funding during the first half of 2023.

According to "Gaming Report: VC Trends and Emerging Opportunities Q2 2023": North America remains the leading region for gaming investment, securing $1.3 billion in funding during the first half of 2023.

Notable large-scale transactions in the period included CoreWeave’s $421 million Series B and Metagame’s $100 million early-stage round.

According to "Gaming Report: VC Trends and Emerging Opportunities Q2 2023": Notable large-scale transactions in the period included CoreWeave’s $421 million Series B and Metagame’s $100 million early-stage round.

Emerging investment opportunities are currently focused on cloud gaming, user-generated content, and novel monetization models, such as Triumph Labs' real-money tournament SDK.

According to "Gaming Report: VC Trends and Emerging Opportunities Q2 2023": Emerging investment opportunities are currently focused on cloud gaming, user-generated content, and novel monetization models, such as Triumph Labs' real-money tournament SDK.

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Key Insights

Gaming Report: VC Trends and Emerging Opportunities Q2 2023

PitchBook~8 min full read

01
Q2 2023 gaming investment reached $1.1 billion across 110 deals, marking a 12.1% increase in total value from the previous quarter despite a 57.5% year-over-year decline in deal volume.
See it on page 6
02
Capital is increasingly concentrated in larger, late-stage investments, though seed and angel rounds still account for 71.8% of total deal activity.
See it on page 6
03
Development and content segments are the primary drivers of capital, attracting $488 million and $483 million in deal value respectively.
See it on page 6
04
North America remains the leading region for gaming investment, securing $1.3 billion in funding during the first half of 2023.
See it on page 6
05
Notable large-scale transactions in the period included CoreWeave’s $421 million Series B and Metagame’s $100 million early-stage round.
See it on page 6
06
Emerging investment opportunities are currently focused on cloud gaming, user-generated content, and novel monetization models, such as Triumph Labs' real-money tournament SDK.
See it on page 9

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