Games VC funding keeps declining, 90% goes to early stage | Konvoy Ventures

According to games VC fund Konvoy Ventures’ report, the games industry has opportunities to grow, but funding has not bounced back quite yet.

Games funding market overview

In the first half of 2024, private funding for games (i.e. private equity, growth equity, corporate minorities, PIPEs, and VC funding excluding M&A transactions) totals $2.89 billion. While this exceeds 2023’s annual total of $2.80 billion, this was a result of Disney’s $1.5 billion investment into Epic Games. If this outlier is excluded, H1 2024’s remaining $1.39 billion in funding is down 9% YoY compared to H1 2023’s $1.53 billion total.