Drake Star Partners: Game deals have reached a record $49B in 2021

In the first five months of 2021, the game industry has already set a record for the amount of deals in a year, with more than $49 billion in disclosed deals across 527 investments, acquisitions, and public offerings, according to investment bank Drake Star Partners.

So far, 2021 is off to a flying start for the gaming industry, already becoming a record year in terms of dollar volume. Drake Star Partners said companies announced 142 deals between January and May, with a total value of $21 billion for those deals. In addition, three special purpose acquisition companies (SPACs) have raised $4.2 billion. Private game companies have raised $4.2 billion in 314 minority financings from venture capitalists and strategic investors. And the public markets saw $5.4 billion raised in 23 initial public offerings and $14.2 billion raised in secondary offerings and debt financings. Drake Star Partners said 2021 has set a yearly record already, even though it’s only May.