Games corporate and VC funding falls 75% to $2.7B in 2023 | InvestGame

Private funding and M&A activity in the gaming industry slowed to a crawl in 2023 according to InvestGame’s latest report.

Games VC funding in 2023

Last year, venture capital and private investments totaled $2.7 billion across 403 deals. This is a dramatic 75% decline in deal value compared to 2022’s $10.7 billion annual funding total. Notably, the number of deals did not contract as much, falling 21% from 551 deals. As a consequence, the average deal size was slashed by a third, falling from $19.4 million in 2022 to $6.7 million in 2023.