Funding for gaming startups dropped off in Q4 2024 | Konvoy

Konvoy recently released its latest Gaming Industry Report, which covers gaming funding through the most recent financial quarter — in this case, Q4 2024. According to Konvoy’s report, the games industry is expected to complete 2024 as an $188 billion industry, with projected growth putting it at $223 billion by 2029. However, most of the report shows that there wasn’t much in the way of funding for gaming-related startups, nor was there an increase in mergers and acquisitions in that quarter.

One of the key takeaways of Konvoy’s report was that funding for games or gaming companies slowed in Q4. According to the report, $286 million in venture capital funding went to gaming, the lowest funding quarter in over five years with the number being a 47% decline quarter-over-quarter. Most of the decline appears to have come from growth-stage funding. There were also 83 VC deals in gaming, a 25% QoQ decline, with a decrease in early-stage deals.