Konvoy: Games venture funding declines in Q2 2023, ripe for M&A

Venture capital funding for gaming continues to decline in Q2 2023, per Konvoy Ventures latest games industry report. However, the venture firm believes this sets the stage for an active M&A environment.

Overall, Konvoy projects that the gaming industry is on track to reach $201 billion this year. This translates to 9.2% growth from last year’s $184 billion. The firm expects the market to continue growing at 8.9% annually. By 2027, the gaming market is projected to grow to $283 billion.