Games VC funding is stabilizing, but growth-stage funding is up | Konvoy

Gaming VC fund Konvoy Ventures released its latest report on the state of funding in the industry. According to its findings, venture capital funding is overall up about 1% quarter-over-quarter, but growth-stage funding has increased. The overall number of deals has also gone down QoQ.

Konvoy’s findings show that the games industry is expected to be $188 billion market in 2024, and a $223 billion market by 2029. Private funding for games in Q3 2024 totals $811 million, a 15% increase from the previous quarter. The total amount of private funding for three-quarters of the year so far is higher than 2023’s overall total for four quarters — however, this is mostly due to Disney’s $1.5 billion investment in Epic Games.