Games VC funding down 68% YoY per PitchBook Q3 report

The games venture capital market continues to contract according to PitchBook’s Q3 gaming report. Last quarter, VC firms closed 113 deals for a disclosed $857.0 million.

Pitchbook shows gaming VC investment has remained subdued for the last four quarters.

Both the number of deals and deal value fell compared to the previous quarter and Q3 of 2022. The number of deals saw a more modest contraction, falling 10% QoQ and 50% YoY. Perhaps more worryingly, disclosed deal value fell 35% compared to Q2 and 68% from Q3 2022’s total.

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